Vol.72 No.3 WIN. 2024 (In Japanese)
A leading management journal in Japanese,
which builds a bridge between theory and practice.
EDITED BY
Hitotsubashi University, Institute of Innovation Research
PUBLISHED BY
Toyo Keizai Inc.
Social Data Science : Bridging Data and Practice
Naohiro Shichijo
“Empowering the Captains of Industry: Social Data Science as a Catalyst for Change”
Yutaka Soejima
“The Accelerated Evolution of Generative AI and DX in Social Systemss”
Atsuo Akai
“Perspectives on Evidence-based Policy Making and Socio-economic Digital Transformation”
Chihiro Shimizu
“Specialisation of “Man” and “Machine”: Can AI Solve the Problem of Empty Homes in Japan’s Shrinking Population Areas?”
Atsushi Hiyama
“From Promoting Social Participation of Older Adults to Multi-generational Co-creation of Communities”
Mayu Terada
“Promoting AI Utilization and Digitalization: Developments in Japan and the EU”
Ichiro Yamaguchi
“Empathy Management with Full Use of AI”
●Content Business Reflecting Society (1)
Fumihiko Ikuine
●Introduction to Strategic Human Resource Management (5)
Tomoyuki Shimanuki
●Entrepreneurs Who Change the World (21)
Akito Kuramata
Interviewed by Yaichi Aoshima / Masatoshi Fujiwara
●Business Cases
Ayano Nishihara Hirose
“Yoshimoto Kogyo Holdings”
Hiroaki Shinkai / Tsuyoshi Ogitsu / Takehiro Suzawa / Taro Ito / Rina Akino / Makiko Takagi / Yaichi Aoshima
“Hanaoka Syaryo”
●Management Forum
Toru Nishikawa
(journalist / Member of the Board of Trustees to the Tokyo University of the Arts)
Interviewed by Seiichiro Yonekura / Naohiro Shichijo
Prof. DATTA, Avimanyu
Visiting Researcher, Institute of Innovation Research, Hitotsubashi University (2024.12.13 – 2025.1.8)
Professor of Strategic Management and Entrepreneurship, College of Business, Illinois State University
https://business.illinoisstate.edu/faculty-staff/profile/?ulid=adatta
【Recent Research Themes】
1) Green Tea Project
2) Spring Drive Project
Date：
December 18（Wednesday), 2024
from 16:30 to 18:00
Topic:
“The impact of platform business models on the valuations of unicorn companies”
Speaker:
Michael Cusumano
(Sloan Management Review Distinguished Professor of Management, MIT Sloan School of Management / Visiting Professor, Institute of Innovation Research, Hitotsubashi University)
Abstract:
Despite the importance of digital platforms in the global economy, there has been little systematic or quantitative analysis of how investors value platforms and the scope of their business models in private or public markets. This paper seeks to fill this gap in part by analyzing how unicorn valuations are affected by “platformness” (the degree to which a firm incorporates at least some elements of a multisided business model with the potential to generate network effects). We investigated 959 unicorns (private companies valued at $1 billion or more) existing as of December 31, 2021, to assess whether investors placed a higher value on firms in different regions of the world and operating with platform businesses rather than offering only “standalone” products or services. We found that companies with some elements of a platform business model commanded a significantly higher average valuation compared to non-platform companies. These higher average valuations also varied by location: North America 129%, Europe 68%, and Asia-Pacific (APAC) 39%. The geographical variations are likely due to greater investor interest in platform businesses in the United States as well as other characteristics more common among North American unicorn platforms. More than half of the unicorn sample and more than half of platform unicorns originated in North America. We also found that investors paid 34% more for “innovation platforms” (these enable third-party complementary innovations through application programming interfaces) versus “transaction platforms” (these bring together two market sides as in product or service marketplaces, financial exchanges, or social media and messaging websites). Platform unicorns with the potential to generate and exploit global network effects also had approximately 26% higher valuations than platforms limited to non-global network effects.
Venue:
onsite
IIR Laboratory 2 (Room#219) of the second floor of the IIR building
Organizer:
Yaichi Aoshima
This forum is jointly organized by MIC (Management Innovation Research Center), Hitotsubashi Institute for Advanced Study.
Deadline:
9:00, December 18, 2024
For registration, please click on “Innovation Forum” below.
Prof. RAMANI, Vinay
Visiting Researcher, Institute of Innovation Research, Hitotsubashi University (2024.10.29 – 2024.12.27)
Associate Professor, Department of Management Sciences, Indian Institute of Technology, Kanpur
https://www.iitk.ac.in/new/v-ramani
【Recent Research Themes】
Economic Analysis of Industry Lifecycle and Dynamics
Prof. Cusumano, Michael
Visiting Professor, Institute of Innovation Research, Hitotsubashi University (2024.10.28 – 2025.3.31)
Sloan Management Review Distinguished Professor of Management, MIT Sloan School of Management
https://mitsloan.mit.edu/faculty/directory/michael-a-cusumano
【Recent Research Themes】
Comparison of corporate venture capital in Japan, the United States, and other countries.
Platform businesses and valuations, especially as unicorns and then after IPO.
Topic:
“Imprinted Language Policy in Post-Colonialism: Unraveling the Tapestry of Language Policies in MNEs and Their Efficiency Paradigms”
Speaker:
Hang Yuan
(Ph.D. candidate in Management Studies, Graduate School of Commerce, Waseda University)
Date：
October 23（Wednesday), 2024
from 16:30 to 18:00
Venue:
onsite
IIR Laboratory 2 (Room#219) of the second floor of the IIR building
Organizer:
Masaru Karube
This forum is jointly organized by MIC (Management Innovation Research Center), Hitotsubashi Institute for Advanced Study.
Deadline:
9:00, October 23, 2024
For registration, please click on “Innovation Forum” below.
Date:
October 22 (Tuesday), 2024
from 12:40 to 14:00
Topic:
“Anxiety that Drives Kaizen: A Strategic Blueprint for Kaizen Implementation Across Borders”
Speaker:
Kodo Yokozawa, Ph.D
(Professor, Graduate School of International Social Sciences,
Yokohama National University)
Venue:
onsite
IIR Meeting Space (Room#216) of the second floor of the IIR building (onsite)
Organizer:
Masaru Karube
This forum is jointly organized by MIC (Management Innovation Research Center), Hitotsubashi Institute for Advanced Study.
Deadline:
9:00, October 22, 2024
For registration, please click on “IIR Brown bag lunch seminar” below
Topic:
“Strategic Redeployment of Intrafirm Patent Ownership”
Speaker:
Dr. Jung H. Kwon
(Assistant Professor, Department of Management, Daniels College of Business)
Date：October 15（Tuesday), 2024from 10:00 to 11:30
Venue:
Online(Zoom)
Organizer:
Masaru Karube
This forum is jointly organized by MIC (Management Innovation Research Center), Hitotsubashi Institute for Advanced Study.
Deadline:
16:00, October 11, 2024
For registration, please click on “Innovation Forum” below.
Vol.72 No.2 AUT. 2024 (In Japanese)
A leading management journal in Japanese,
which builds a bridge between theory and practice.
EDITED BY
Hitotsubashi University, Institute of Innovation Research
PUBLISHED BY
Toyo Keizai Inc.
The Prospect and Outlook for Business Ethics:Considering Sustainable Value
Miho Murashima
“Shifting Values: The Impact of the COVID-19 Pandemic on Consumer Price Sensitivity towards Socially Oriented Products”
Kazue Haga
“Living Lab” as a Co-creation Approach to Create Solutions to Social Challenges in Communities”
Noriko Saito
“Accounting Dilemma Created by Stipends for Volunteers”
Savu Rovanto
“A Slowing Perspective into Japanʼs Circular Economy: History and Current Developments”
Emiko Akaishi
“Embracing Sustainability and Well-being: Exploring a New Business Ethics through ZOZOUSED”
Ryuta Suzuki / Bumpei Sunaguchi
“The Paradox of Busy Leaders: The Influences of Busy Leaders on Their Followersʼ Motivation to Be a Manager”
●Management with Comprehending (3)
Daisuke Satoh
●Entrepreneurs Who Change the World (20)
Yuko Ogata
Interviewed by Yaichi Aoshima / Masatoshi Fujiwara
●Business Cases
Noriko Taji / Harunobu Ninagawa
“Fuji Oil”
Seitaka Yoshida / Yaichi Aoshima
“UniFa”
●Management Forum
Hiroko Kuniya
(journalist / Member of the Board of Trustees to the Tokyo University of the Arts)
Interviewed by Seiichiro Yonekura / Kyoko Fukukawa
Yuriko Nakao / Katsuhiko Kokubu / Shinya Okuda / Masaki Kida
“Do Characteristics of Top Management Influence Corporate Social Responsibility?: An Empirical Analysis of Japanese Companies”
IIR Innovation Research Workshop was held at Mercury Hall, Hitotsubashi University and online on August 29 & 30, 2024.
The purpose of this IIR Innovation Research Workshop is to promote innovation research by building researcher networks, offering a place for presenting the latest research results, and supporting young researchers.
This year, a total of 16 presentations were made.
We are honored to welcome Prof. Akira Takeishi (Professor, Faculty of Economics, Gakushuin University) as our guest speaker.
The Best Presentation Award was awarded to Seokkyun WOO, Assistant Professor of KAIST (Korea Advanced Institute of Science and Technology, Graduate School of Science and Technology Policy).
The title of his presentation was “Increasing supporting careers explains the reduction in gender inequalities in science”.
This year’s IIR Innovation Research Workshop, hybrid event with on-site and online delivery, was well received. The participants were wide ranging from graduate students to researchers and business practitioners. We thank them all for their participation.
The program of IIR Innovation Research Workshop can be accessed from below.
program2024
