How do Technological development and Policy reshapes the industry?
Emerging technologies and related policies induce strategic engagements by organizations often leading to the restructuring of the inter-organizational networks through innovation adaptation at the firm level. In our analysis of Urban Air Mobility (UAM), we examined the network changes in response to emerging technologies and associated governmental policies.
Network-centric approach to explore the interplay of technology and policy
A comparative case study of the United States and South Korea, verified through randomized permutation tests, revealed a pattern of structural change.
Technological advancements drive network reconfiguration by introducing new stakeholders and altering existing structures.
Policy serves to coordinate network dynamics, manage technological uncertainty, and provide state-led orchestration to foster stability.
Network Evolution in the United States
Network Evolution in South Korea
Distinct national characteristics emerged from these trends: in the US, patent network structures underwent rapid expansion followed by consolidation reflecting technological innovation and adaptive policy measures. In contrast, South Korea remained more stagnated, characterized by state-led initiatives that cultivated a stable and predictable innovation ecosystem.