What drives value co-creation in megaproject innovation ecosystem?
Ruixue Zhang, Xin Lu, Yuyan TangPurpose
Megaprojects involve numerous stakeholders and present unprecedented challenges due to their scale and complexity. Therefore, it is imperative to construct a megaproject innovation ecosystem (MIE) to address these challenges and achieve value co-creation. Organizations involved in value co-creation often have complex symbiotic relationships and present network characteristics. Therefore, it is important to shed light on the key subjects and driving mechanism through investigating value co-creation in MIE from a symbiotic network perspective.
Design/methodology/approach
Drawing on patents data from the Hong Kong-Zhuhai-Macao Bridge (HZMB), social network analysis (SNA) is deployed to construct the symbiotic network in MIE, and in turn, reveal stakeholders who play a key roles in the process of value creation. In light of the symbiosis perspective, fuzzy set qualitative comparative analysis (fsQCA) is utilized to explore the drivers of value co-creation in MIE.
Findings
The results demonstrate that various organizations are involved in value creation, and present obvious core-edge structural features. The HZMB Authority occupies the core position. Meanwhile, we identify three distinct paths, namely “Technology Spillover”, the path of “Technology Leading” and the path of “Resource Integration” that consistently drive value co-creation.
Originality/value
This study has developed a reusable measurement framework for evaluating value co-creation in large-scale project innovation ecosystems. It not only enriches the existing literature on value co-creation in megaprojects, but also provides useful references for government departments and relevant practitioners to offer decision support. It is of great significance to technological innovation, allocating resources optimally and constructing cooperation mechanisms of megaprojects.