Business and Management in Asia: Digital Innovation and Sustainability 9789811964176

This book focuses on digital innovation and sustainability in the Asian region in the context of business and management. Managers and policy makers rely on digital technologies to face the region’s sustainability challenges and solve sustainability problems. From business perspective, sustainability is defined as the adoption of business strategies, activities, and operations that meet the needs of the firm and its stakeholder today while protecting, sustaining, and enhancing the human and natural resources that will be needed in the future. Digital innovation refers to the application of digital technologies to existing business problems as well as the development of the firm’s strategy, culture, and human resources talent to deal and use digital technologies to solve sustainability issues. There is a consensus among scholars and practitioners that organizations need digital innovation to stay competitive. Businesses that are digital innovators consider new ways to solve old and new sustainability problems facing the Asian region. This book, with its practical examples, gives the reader impulses for new Asian’s approaches and encourages the readers to dare to think and act in new ways. This book is the first annual compilation of innovative ideas and valuable managerial solutions produced by the region’s managers and decision-makers who think and act creatively, helmed by Tobias Endress and Yuosre F. Badir from the School of Management at the Asian Institute of Technology. Preface Contents Rethinking Digital Innovations in the Lens of Sustainability: Perspectives from Asian Consumers of Organic Olive Oil Introduction Data and Methodology Sample Description Results and Discussion Opinions of Asian Organic Olive Oil Consumers on Perception of Product Authenticity and Sustainability Opinions of Asian Organic Olive Oil Consumers on Perception of Traceability and Food Fraud: How Much Blockchain Matters? Conclusions References Japanese Sogo Shosha Corporations and Hidden Champions’ Barriers to Digital Transformation (DX) Introduction Digital Transformation Initiatives of Japanese Sōgō Shōsha Participating Stakeholders Sogo Shosha Processes Sogo Shosha Internal and External Processes Silos in Sogo Shosha Human Resources Challenges of DX The Future of DX in Japan Limitations and Delimitations Conclusion References Open Innovation Ecosystem in Asia Open Innovation and Collaborative Corporate Culture Open Innovation in a Nutshell Adaption of Open Innovation in Asia Leapfrogging with Open Innovation International Open Innovation Openness and IP Protection Corporate Culture and Digital Governance Open Innovation Contests Public Support of an Open Innovation Ecosystem Governmental Support for Open Innovation Universities and Technology Parks Summary References A New Era of Sustainable Innovation A Brief History of Invention and Innovation in Asia A Brief History of Sustainability in Asia The Nexus of Sustainability and Innovation The Era of Invention—What Was and What Will Be Shifting from Sustainable Innovation to Sustainable Invention Innovation/Invention as a Driver to Sustainability in Asia Summary References Innovative Sustainable Business Models: A New Way to Recover Beyond the Pandemic Sustainable Business Model Innovation Direct Economic Impact from Covid-19 in Thailand 2020 Social Impact of Covid-19 in Thailand 2020 Definition Sustainable Business Model Innovation Research Objective and Questions Sustainable Value Development and Delivery for ISBM Sustainable Business Model Innovation Sustainable Value Analysis: Value Captured and Uncaptured Research Gap Conceptual Framework Section Conclusion Methodology Findings and Analysis Current Situation in Kiriwang Kiriwang Village Before the Pandemic Kiriwang Village Beyond the Pandemic Conclusion Recommendation, Discussion and Conclusion Recommendation and Discussion Conclusion References Technology Integration Within Women-Owned Enterprises in Nepal Background: ICT and Its Adaption in Women-Owned SMEs Information and Communications Technology (ICT) Types of ICT Advanced ICT Adoption ICT in Nepal Nepali Women-Owned SMEs COVID-19 and ICT Adoption Women Entrepreneurs and Their ICT Usage Pattern ICT Adoption Factors Among Women Entrepreneurs Conceptual Framework Findings Discussion Conclusion Recommendation for Further Research References Real-Estate in the Digital Age: From AirBnB to Zealous Modern Farmers (Kind of A-Z) Gun, Germs and Steel—The Fate of Human Societies in the Digital Age A Piece of Land, a Peace of Mind: Should You Buy A Piece of Land on the Moon? Asian Markets: Why AirBnB is the Only American Internet Company Still Surviving in China? Digital Land in Zuckerberg’s Metaverse Zealous Modern Farmers Are the New Astronauts Concluding Remarks References 8 Systemic Barriers to Financial Inclusion in the Banking Sector of Bangladesh Abstract Introduction Literature Review Materials and Methods Findings Systemic Challenges in the Banking Sector Banks’ Efforts Towards Sustaining Agent Banking Banks’ Attempts in Product Development and Promotion of Agent Banking Model Conducting Financial Literacy Programs and Appointing Financial Counsellors Complexity of Registration and Limitation of Services Through Agent Banking Banks’ Effort in Persuading the Potential Customers Banks’ Overall Treatment Towards the Agents Challenges Discussion and Recommendations Conclusion Summary References Asia’s Sustainability and Digital Innovation Goals Proliferate by Executive Education and Corporate Training The Investment in Human Capital Skill Gaps Greatest Need to Address Potential Skill Gaps Executive Education for Leadership and Sustainability Education for Leadership Summary and Conclusion References