University-industry collaboration: A value-based-view

Wan Chen Chen, Jia Chi Chang, Shih Chieh Fang

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

University-industry collaboration refers to the engagement and commercialization activities between university and industry. Academic engagement refers to the inter-organizational collaborations to pursue goals that aims to generate some benefits for both partners. Commercialization refers to the extraction of academic research or invention to obtain financial benefits. A considerable body of work highlights the channels, barriers, and effectiveness of university-industry collaboration (UIC), but was rarely explored from the perspective of value-based view. This research presents a case study of a firm that has achieved a successful UIC with the research center of a university, and the process of collaboration is examined from the perspective of value-based view (VBV). Value-based view is composed of three consecutive parts, value creation, value capture and value co-creation. The analysis of the case illustrated the values created and captured by the firms individually and the values co-created together. This research not only reveals the process of UIC, but it also demonstrated the mechanisms of the value co-creation process and conceptualized the process into three important aspects, shared vision, genuine, and respect. The three conceptualized aspects represent the three important factors that exists in a successful UIC partnership.

Original languageEnglish
Title of host publicationPICMET 2019 - Portland International Conference on Management of Engineering and Technology
Subtitle of host publicationTechnology Management in the World of Intelligent Systems, Proceedings
EditorsDundar F. Kocaoglu, Timothy R. Anderson, Dilek Cetindamar Kozanoglu, Kiyoshi Niwa, Harm-Jan Steenhuis
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781890843403
DOIs
Publication statusPublished - 2019 Aug
Event2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019 - Portland, United States
Duration: 2019 Aug 252019 Aug 29

Publication series

NamePICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings

Conference

Conference2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019
CountryUnited States
CityPortland
Period19-08-2519-08-29

Fingerprint

Industry
Patents and inventions
University-industry collaboration
Value co-creation
Commercialization
Inter-organizational collaboration
Research center
Shared vision
Invention
Academic research
Value capture
Value creation
Factors

All Science Journal Classification (ASJC) codes

  • Artificial Intelligence
  • Engineering (miscellaneous)
  • Computer Networks and Communications
  • Management Science and Operations Research
  • Management of Technology and Innovation
  • Organizational Behavior and Human Resource Management

Cite this

Chen, W. C., Chang, J. C., & Fang, S. C. (2019). University-industry collaboration: A value-based-view. In D. F. Kocaoglu, T. R. Anderson, D. C. Kozanoglu, K. Niwa, & H-J. Steenhuis (Eds.), PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings [8893885] (PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.23919/PICMET.2019.8893885
Chen, Wan Chen ; Chang, Jia Chi ; Fang, Shih Chieh. / University-industry collaboration : A value-based-view. PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings. editor / Dundar F. Kocaoglu ; Timothy R. Anderson ; Dilek Cetindamar Kozanoglu ; Kiyoshi Niwa ; Harm-Jan Steenhuis. Institute of Electrical and Electronics Engineers Inc., 2019. (PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings).
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Chen, WC, Chang, JC & Fang, SC 2019, University-industry collaboration: A value-based-view. in DF Kocaoglu, TR Anderson, DC Kozanoglu, K Niwa & H-J Steenhuis (eds), PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings., 8893885, PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings, Institute of Electrical and Electronics Engineers Inc., 2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019, Portland, United States, 19-08-25. https://doi.org/10.23919/PICMET.2019.8893885

University-industry collaboration : A value-based-view. / Chen, Wan Chen; Chang, Jia Chi; Fang, Shih Chieh.

PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings. ed. / Dundar F. Kocaoglu; Timothy R. Anderson; Dilek Cetindamar Kozanoglu; Kiyoshi Niwa; Harm-Jan Steenhuis. Institute of Electrical and Electronics Engineers Inc., 2019. 8893885 (PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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AU - Chang, Jia Chi

AU - Fang, Shih Chieh

PY - 2019/8

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N2 - University-industry collaboration refers to the engagement and commercialization activities between university and industry. Academic engagement refers to the inter-organizational collaborations to pursue goals that aims to generate some benefits for both partners. Commercialization refers to the extraction of academic research or invention to obtain financial benefits. A considerable body of work highlights the channels, barriers, and effectiveness of university-industry collaboration (UIC), but was rarely explored from the perspective of value-based view. This research presents a case study of a firm that has achieved a successful UIC with the research center of a university, and the process of collaboration is examined from the perspective of value-based view (VBV). Value-based view is composed of three consecutive parts, value creation, value capture and value co-creation. The analysis of the case illustrated the values created and captured by the firms individually and the values co-created together. This research not only reveals the process of UIC, but it also demonstrated the mechanisms of the value co-creation process and conceptualized the process into three important aspects, shared vision, genuine, and respect. The three conceptualized aspects represent the three important factors that exists in a successful UIC partnership.

AB - University-industry collaboration refers to the engagement and commercialization activities between university and industry. Academic engagement refers to the inter-organizational collaborations to pursue goals that aims to generate some benefits for both partners. Commercialization refers to the extraction of academic research or invention to obtain financial benefits. A considerable body of work highlights the channels, barriers, and effectiveness of university-industry collaboration (UIC), but was rarely explored from the perspective of value-based view. This research presents a case study of a firm that has achieved a successful UIC with the research center of a university, and the process of collaboration is examined from the perspective of value-based view (VBV). Value-based view is composed of three consecutive parts, value creation, value capture and value co-creation. The analysis of the case illustrated the values created and captured by the firms individually and the values co-created together. This research not only reveals the process of UIC, but it also demonstrated the mechanisms of the value co-creation process and conceptualized the process into three important aspects, shared vision, genuine, and respect. The three conceptualized aspects represent the three important factors that exists in a successful UIC partnership.

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Chen WC, Chang JC, Fang SC. University-industry collaboration: A value-based-view. In Kocaoglu DF, Anderson TR, Kozanoglu DC, Niwa K, Steenhuis H-J, editors, PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings. Institute of Electrical and Electronics Engineers Inc. 2019. 8893885. (PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings). https://doi.org/10.23919/PICMET.2019.8893885