IDEAS home Printed from https://ideas.repec.org/a/eee/teinso/v73y2023ics0160791x23000489.html
   My bibliography  Save this article

Detecting and developing new business opportunities in society 5.0 contexts: A sociotechnical approach

Author

Listed:
  • Çipi, Amali
  • Fernandes, Ana Cláudia R.D.
  • Ferreira, Fernando A.F.
  • Ferreira, Neuza C.M.Q.F.
  • Meidutė-Kavaliauskienė, Ieva

Abstract

Rapid technological evolution has become a great challenge for businesses and societies due to the openness provided by new digital technologies, platforms, and infrastructure and to the impacts of these innovations on how people work and live. The concept of a super-smart society (i.e., Society 5.0) comprises a fresh way to apply these innovations, in which human beings contribute to adapting technologies to daily activities in their society and making Society 5.0 ideas applicable to different areas of each individual’s life. Digital transformation and technological innovation are basic components of this paradigm. This study sought to develop a decision-support model that can help companies structure and prioritize new business opportunities within Society 5.0 contexts. The analysis system relies on a constructivist approach that promotes debates between specialists and combinations of methodologies such as cognitive mapping and interpretive structural modeling. The results highlight the most important areas in which new business opportunities can arise, thereby demonstrating that the proposed model is a valuable tool for incorporating a future orientation into business technological innovation initiatives.

Suggested Citation

  • Çipi, Amali & Fernandes, Ana Cláudia R.D. & Ferreira, Fernando A.F. & Ferreira, Neuza C.M.Q.F. & Meidutė-Kavaliauskienė, Ieva, 2023. "Detecting and developing new business opportunities in society 5.0 contexts: A sociotechnical approach," Technology in Society, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:teinso:v:73:y:2023:i:c:s0160791x23000489
    DOI: 10.1016/j.techsoc.2023.102243
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160791X23000489
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techsoc.2023.102243?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Undheim, Trond Arne, 2024. "In search of better methods for the longitudinal assessment of tech-derived X-risks: How five leading scenario planning efforts can help," Technology in Society, Elsevier, vol. 77(C).
    2. Olga V. Budzinskaya & Natalya M. Fomenko & Natalia N. Chubaeva, 2024. "Change Management of Population’s Employment in Information Society 5.0: SAP–LAP Model for Sustainable Development," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 25(1), pages 139-154, September.
    3. Basile, Vincenzo & Tregua, Marco & Giacalone, Massimiliano, 2024. "A three-level view of readiness models: Statistical and managerial insights on industry 4.0," Technology in Society, Elsevier, vol. 77(C).
    4. Büchel, Hendrik & Spinler, Stefan, 2024. "The impact of the metaverse on e-commerce business models – A delphi-based scenario study," Technology in Society, Elsevier, vol. 76(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:teinso:v:73:y:2023:i:c:s0160791x23000489. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/technology-in-society .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.