Innovation, Industry and Institutional Dynamics in Mobile Payments
Chapter 8: High-Tech Entrepreneurship: Technology, Firms and International Context
INTRODUCTION Chapters 6 and 7 presented the detailed processes (major events, activities and decisions) underlying the emergence and development of mobile payment technologies in Korea and China. In these processes, the roles played by particular high-tech entrepreneurial start-ups were examined, and the factors that significantly influenced them were identified and analysed. This chapter, utilizing the two analytical lenses developed in Chapters 3 and 4, interprets these two cases at three levels of analysis: technology, entrepreneurial firms and the institutional context. First, the key technological aspects of mobile payment technologies are discussed using the analysis of the technology from Chapter 2 and the major analytical approaches to innovation outlined in Chapter 3. Second, the chapter discusses the roles played by high-tech entrepreneurial start-ups in the development of emerging technologies with the backdrop of the technological and industrial evolution of the mobile payment technologies. Third, the chapter discusses key factors, including the institutions, government policy frameworks and cultures which play either a supporting or constraining role in the development of mobile payment technologies in the Asian countries studied. The chapter concludes with the key research findings and their implications for entrepreneurs, policy makers and future research. This book addresses several key questions: What roles do entrepreneurial start-ups play in the emergence and development of a new technology in the network economy? What are the main strategic choices that enable entrepreneurial start-ups to contribute to the emergence and development of a new technology? What major factors constrain the innovation strategies of entrepreneurial start-ups...
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