Trends in Information Technology for Economic & Social Development in 2020 - IJMIT

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"TRENDS IN INFORMATION TECHNOLOGY FOR ECONOMIC & SOCIAL DEVELOPMENT IN 2020"

INTERNATIONAL JOURNAL OF MANAGING INFORMATION TECHNOLOGY (IJMIT) ISSN: 0975-5586 (Online); 0975 - 5926 (Print)

http://airccse.org/journal/ijmit/ijmit.html


CO-EVOLUTION BETWEEN CCC-DRIVEN CASH FLOW MANAGEMENT AND TRANSFORMATION OF R&D – AMAZON’S ENDEAVOR Yuji Tou1, Chihiro Watanabe 2,3, Pekka Neittaanmäki2, 1Tokyo Institute of Technology, Japan, 2 University of Jyväskylä, Finland and 3International Institute for Applied Systems Analysis (IIASA), Austria ABSTRACT Amazon became the world R&D leader in 2017 by rapidly increasing R&D investment. The company’s extremely large amount of R&D funds is the result of an ample free cash flow generated by sophisticated cash conversion cycle (CCC) management. Increased R&D induced business advancement and lean cost structure construction leading to further increase in cash flow which has stimulated interaction between vendors, customers, and Amazon via the Amazon marketplace. Activated interaction accelerated CCC advancement, a subsequent free cash flow increase, and user-driven innovation, thus accelerated the transformation of routine and periodic alteration activities into significant improvement simultaneously. All of these components function together as a consolidated sophisticated machine. In light of the increasing concern to R&D resources development without the dilemma of a productivity decline that most digital economies are now confronting, this paper demonstrated the above hypothetical view. An intensive empirical analysis focusing on the development trajectory of Amazon’s technofinancing system over a period from 1997 to 2018 was conducted. An insightful suggestion to neo open innovation that fuses financing management and R&D management was thus provided KEYWORDS R&D, Transformation, Cash flow management, Cash conversion cycle, Amazon Full Text: http://aircconline.com/ijmit/V11N3/11319ijmit01.pdf

Abstract URL: http://aircconline.com/abstract/ijmit/v11n3/11319ijmit01.html


REFERENCES [1] Tou, Y., Watanabe, C., Moriya, K., & Neittaanmäki, P., 2018. Neo Open Innovation in the Digital Economy: Harnessing Soft Innovation Resources. International Journal of Managing Information Technology 10 (4), 53-75. [2] Tou, Y., Watanabe, C., Moriya, K., & Neittaanmäki, P., 2019b. Harnessing Soft Innovation Resources Leads to Neo Open Innovation. Technology in Society, in print. [3] Tou, Y., Watanabe, C., Moriya, K., Vurpillat, V., & Neittaanmäki, P., 2019a. A New Concept of R&D in Neo Open Innovation: Transformation of R&D Triggered by Amazon. International Journal of Managing Information Technology 11 (1) 17-35. [4] Tou, Y., Watanabe, C., Moriya, K., Naveed, N., Vurpillat, V., & Neittaanmäki, P., 2019c. The Transformation of R&D into Neo Open Innovation: A New Concept of R&D Endeavor Triggered by Amazon. Technology in Society 47, in print. [5] Price, R., 2013. Cash Flow at Amazon.Com. Accounting Education 28 (2), 353-374. [6] Fox, J., 2014. At Amazon, It’s All About Cash Flow. Finance & Accounting, 20 Oct. 2014. https://hbr.org/resources/images/article_assets/2014/10/inadifferentleague.png (retrieved 26.06.2019). [7] Naruge, M., 2018. Amazon, The World Top Strategy. Diamond Co., Tokyo. [8] Kenney, M., 2013. The Growth and Development of the Internet in the United States. In: Cogut B, Ed. The Global Internet Economy. MIT Press, Massachusetts. [9] Knott, A.M., 2017. How Innovation Really Works: Using the Trillion-Dollar R&D fix to Drive Growth. McGraw Hill, New York. [10] Galloway, S., 2017. The Hidden DNA of Amazon, Apple, Facebook, and Google. Penguin Random House LLC, New York. [11] Watanabe, C. & Tou, Y., 2019. Transformative Direction of R&D: Lessons from Amazon’s Endeavor. Technovation, in print. [12] Amazon, 2018. Amazon.Com. Inc. Annual Report 2017. Amazon.Com, Inc., Seattle. http://www.annualreports.com/Company/amazoncom-inc (retrieved 06.01.2019). [13] Amazon, 2019a. Amazon.Com. Inc. Annual Report 2018. Amazon.Com, Inc., Seattle. https://ir.aboutamazon.com/static-files/0f9e36b1-7e1e-4b52-be17-145dc9d8b5ec(retrieved 02.07.2019). [14] Bloomberg, 2018. 2018 Global Innovation 1000 Study. Bloomberg, New York. [15] Bezos, J.P., 2005. 2004 Letter to Shareholders. Amazon.com, Inc., Seattle.


[16] Amazon, 2019b. Amazon.com, Inc,, Income Statement. https://fairlyvalued.com/company/AMZN (retrieved 02.07.2019).

Amazon.Com.

Inc.,

Seattle.

[17] Panigrahi, A.K., 2013. Cash Conversion Cycle and Firms’ Profitability. International Journal of Current Research 6, 1484-1488. [18] Zakari, M. and Saidu, S., 2016. The Impact of Cash Conversion Cycle on Firm Profittability: Evidence from Nigerian Listed Telecommunication Companies. Journal of Finance and Accounting 4 (6), 342-350. [19] Zeidan, R. and Shapir, O.M., 2017. Cash Conversion Cycle and Value-enhancing Operations: Theory and Evidence for a Free Lunch. Journal of Corporate Finance 45, 203-219. [20] Uenlue, M., 2018. Amazon Business Model: Three Customer Value Propositions. Innovation Tactics, 22 August 2018. https://www.innovationtactics.com/amazon-business-model-part-2/(retrieved 10.06.2019). [21] Watanabe, C. and Tou, Y., 2003. An Empirical Analysis on the R&D Investment Inducing System in Japanese-style Management. Research Policy and Technology Management 16 (3/4), 184- 202. [22] Bloch, C., 2005. R&D Investment and Internal Finance: The Cash Flow Effect. Economics of Innovation and New Technology, 14 (3), 213-223. [23] Hong, A., Bhattacharyya, D. and Geis, G.T., 2013. The Role of M&A in Market Convergence: Amazon, Apple, Google and Microsoft. Global Economy and Finance Journal 6 (1), 53-73


CO-EVOLUTIONARY COUPLING BETWEEN CAPTURED AND UNCAPTURED GDP CYCLES: CROSS LEARNING FROM AMAZON AND FINLAND MODELS FOR SUSTAINABILITY Yuji Tou1, Chihiro Watanabe 2,3, Pekka Neittaanmäki2, 1Tokyo Institute of Technology, Japan, 2 University of Jyväskylä, Finland and 3International Institute for Applied Systems Analysis (IIASA), Austria ABSTRACT A solution to the critical problem of a dilemma between R&D expansion and productivity decline that a majority of information and communication technology (ICT) leaders have been confronting in the digital economy is expected. It can be expected by a spinoff from economic functionality-seeking GDP-based co evolution cycle to supra-functionality beyond an economic value-seeking uncaptured GDP-driven convolution cycle. However, the transformation dynamism remains a black box. By means of numerical simulations based on empirical analyses of the development trajectories of global ICT leaders, focusing on Amazon and Finland, together with an intensive review of preceding analyses, this paper attempted to elucidate the inside the black box of the above dynamism. By developing a practically applicable numerical approach, inspired attempts to explore a new elucidation frontier were conducted, thereby enabling a new concept of co-evolutionary coupling between two cycles to be postulated. An insightful suggestion regarding possible consequences in the future stemming from the trajectory option was thus provided. KEYWORDS Co-evolutionary coupling, uncaptured GDP, transformation, Amazon and Finland, dilemma between R&D and productivity Full Text : http://aircconline.com/ijmit/V11N2/11219ijmit03.pdf Abstract URL: http://aircconline.com/abstract/ijmit/v11n2/11219ijmit03.html


REFERENCES [1] Tou, Y., Watanabe, C., Moriya, K. and Neittaanmäki, P., 2018b. Neo Open Innovation in the Digital Economy: Harnessing Soft Innovation Resources. International Journal of Managing Information Technology 10 (4), 53-75. [2] Tou, Y., Watanabe, C., Moriya, K. and Neittaanmäki, P., 2019b. Harnessing Soft Innovation Resources Leads to Neo Open Innovation. Technology in Society, in print. [3] Tou, Y., Watanabe, C., Moriya, K., Vurpillat, V. and Neittaanmäki, P., 2019a. A New Concept of R&D in Neo Open Innovation: Transformation of R&D Triggered by Amazon. International Journal of Managing Information Technology 11 (1) 17-35. [4] Amazon, 2019. Amazon Com. Inc. Annual Report 2018. Amazon.Com, Inc., Seattle. http://www.annualreports.com/Company/amazoncom-inc (retrieved 22.03.2019). [5] Tou, Y., Watanabe, C., Ilmola, L., Moriya, K. and Neittaanmäki, P., 2018a. Hybrid Role of Soft Innovation Resources: Finland’s Notable Resurgence in the Digital Economy. International Journal of Managing Information Technology 10 (4), 1-22. [6] International Monetary Fund (IMF), 2018. World Economic Outlook Database 2018. IMF, Washington, D.C. https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD(retrie ved 06.02.2019). [7] United Nations, 2018. World Happiness Report http://worldhappiness.report/ed/2018/ (retrieved 10.01.2019).

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[8] Tou, Y., Watanabe, C., Moriya, K. and Neittaanmäki, P., 2019c. A Solution to the Dilemma between R&D Expansion and the Productivity Decline: Lessons from the R&D Models in Amazon and Finland. International Journal of Managing Information Technology 11 (2) in print. [9] Watanabe, C., Naveed, K. and Zhao, W., 2015a. New Paradigm of ICT Productivity: Increasing Role of Un-captured GDP and Growing Anger of Consumers. Technology in Society 41, 21–44. [10] Watanabe, C., Naveed, K. and Neittaanmäki, P., 2015b. Dependency on Un-captured GDP as a Source of Resilience beyond Economic Value in Countries with Advanced ICT Infrastructure: Similarities and Disparities between Finland and Singapore. Technology in Society 42, 104–122. [11] McDonagh, D., 2008. Satisfying Needs beyond the Functional: The Changing Needs of the Silver Market Consumer. Presented at the International Symposium on the Silver Market Phenomenon – Business Opportunities and Responsibilities in the Aging Society, Tokyo, Japan. [12] Watanabe, C., Naveed, K., Neittaanmäki, P. and Tou, Y., 2016. Operationalization of Un-captured GDP: The Innovation Stream under New Global Mega-trends. Technology in Society 45, 58–77. [13] Watanabe, C., Tou, Y. and Neittaanmäki, P., 2018a. A New Paradox of the Digital Economy: Structural Sources of the Limitation of GDP Statistics. Technology in Society 55, 9-23.


[14] Watanabe, C., Naveed, K., Tou, Y. and Neittaanmäki, P., 2018b. Measuring GDP in the Digital Economy: Increasing Dependence on Uncaptured GDP. Technological Forecasting and Social Change 137, 226-240. [15] Brynjolfsson, E. and McAfee, A., 2014. The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. W.W. Norton & Company, New York. [16] Ahmad, N. and Schreyer, P., 2016. Are GDP and Productivity Measures up to the Challenges of the Digital Economy? International Productivity Monitor 30, Spring, 4-27. [17] Sussan, F. and Acs, Z.J., 2017. The Digital Entrepreneurial Ecosystem. Small Business Economics 49(1), 55-73. [18] Gestrin, M.V. and Staudt, J., 2018. The Digital Economy, Multinational Enterprises and International Investment Policy. OECD, Paris. [19] Watanabe, C., Kondo, R., Ouchi, N., Wei, H. and Griffy-Brown, C., 2004. Institutional Elasticity as a Significant Driver of IT Functionality Development. Technological Forecasting and Social Change 71 (7), 723-750. [20] Schelling, T.C., 1998. Social mechanisms and social dynamics, in Hedstrom, P. and Swedberg, R. eds., Social Mechanisms: An Analytical Approach to Social Theory. Cambridge Univ. Press, Cambridge, 32-43. [21] Galloway, S., 2017. The Hidden DNA of Amazon, Apple, Facebook, and Google. Penguin Random House LLC, New York. [22] Watanabe, C., Naveed, N. and Neittaanmäki, P., 2018c. Digitalized Bioeconomy: Planned Obsolescence-driven Economy Enabled by Co-evolutionary Coupling. Technology in Society 56, 8- 30. [23] Watanabe, C., Takayama, M., Nagamatsu, A., Tagami, T. and Griffy-Brown, C., 2002. Technology Spillover as a Complement for High Level R&D Intensity in the Pharmaceutical Industry. Technovation 22 (4), 245-258. [24] Cowen, T., 2011. The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better. A Penguin Special from Dutton, Penguin, New York. [25] OECD, 2018. OECD Database. OECD, Paris. [26] Statistics Finland, 2018. National Accounts of Finland. Statistics Finland, Helsinki. [27] Izogo, E.E. & Ozo, J.U., 2015. Critical Evaluation of How Well Placed Amazon is to Sustain its Historical Online Retailing. British Journal of Marketing Studies 3 (6), 31-42. [28] Ritala, P., Golnam, A. and Wegmann, A., 2014. Coopetition-based Business Models: The Case of Amazon.com. Industrial Marketing Management 43, 236-249. [29] Fox, J., 2018. Amazon, the Biggest R&D Spender, Does Not Believe in R&D. Bloomberg Opinion, 13 April 2018. https://www.bloomberg.com/view/articles/2018-04-12/amazon-doesn-t-believeinresearch-and- development-spending (retrieved 22.09.2018).


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DEVELOPING THE E-COMMERCE MODEL A CONSUMER TO

CONSUMER USING BLOCK CHAIN NETWORK TECHNIQUE 1

Samer Shorman, 2Mohammad Allaymoun, 3Omer Hamid

1

Department of Computer Science, Applied Science University, Kingdom of Bahrain

2,3

Administrative & Financial Sciences, AMA International University, Kingdom of Bahrain

ABSTRACT E-commerce has increased recently because of the development of the internet and has become a new concept that is applicable to trade transaction and services providing, using information technology. This is known as e-commerce that is a means of communicating information products or services through technical tools. This research proposed model is able to take advantage of Block chain technology to develop e-commerce especially consumer to consumer. The proposed model adds some advantages to ecommerce operations, and the possibility of developing them to reach a high percentage of profits by using block chain technology which led to verify the information of products offered for sale. In addition, to the possibility of distributing feedback to all Block chain users, through which it develops the mechanism of trust and cooperation between consumers, it is considered a reference point to explore the behaviour of commercial consumers which is stored in the data file of consumers. This model facilitates business processes between consumer and consumer, eliminates the central role of large business companies in controlling and setting restrictions, and to the development and expansion of this type of trade.

KEYWORDS Blockchain, Network, E-Commerce, Consumer To Consumer

Full Text :

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Abstract URL: http://aircconline.com/ijmit/V11N2/11219ijmit04.pdf


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NATIONAL CULTURAL DIMENSIONS AND ELECTRONIC CLINICAL RECORDS ACCEPTANCE: AN EXPLORATORY STUDY Ouiame BENALI IDRISSI and Khalid CHAFIK, Abdelmalek Essaadi University, Morocco ABSTRACT The purpose of the present paper is to describe the development of a measurement scale, to assess the impact of the national cultural factors on the electronic clinical records acceptance in the Ibn Sina Hospital Center(CHUIS)in Morocco. The methodology assumed is based on the Churchill paradigm (1979).Thus, our contribution focuses on the exploratory phase, where the items have been analysed using principal components analysis (PCA) and internal consistency with Cronbach’s Alpha (α). The results show a satisfactory factorial structure and excellent reliability of all the items. KEYWORDS National culture- technology acceptance- exploratory factor analysis- measurement scalereliability. Full Text : http://aircconline.com/ijmit/V11N3/11319ijmit02.pdf Abstract URL: http://aircconline.com/abstract/ijmit/v11n3/11319ijmit02.html


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