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Study on Business Ecosystem Research Trend Using Network Text Analysis

Author

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  • Matthew Minsuk Shin

    (Department of International Trade, College of Social Science, Konkuk University, Seoul 05029, Korea)

  • Seunghye Jung

    (Department of International Trade, College of Social Science, Konkuk University, Seoul 05029, Korea)

  • Jin Sung Rha

    (School of Business Administration, Dankook University, Yongin 16890, Korea)

Abstract

The management environment is moving into a new phase with the changing global circumstances. The business ecosystem as a management strategy has been studied for the last 30 years since the concept was introduced. The purpose of this study was to analyze the research trend in business ecosystem by using network next analysis and to understand the concept, being one that is still being actively studied. Network text analysis is a commonly used method to analyze research trends by forming networks based on bibliographic data of the articles, namely, keywords. For the analysis, we collected the data and keywords from 340 research papers published in global academic journals related to business ecosystem on the basis of the Scopus database. Through keywords extraction and cleansing, we found that the keywords of “innovation”, “sustainability”, and “platform” were mentioned most frequently, and the research topics were correlated to each other. Moreover, we conducted degree centrality and betweenness centrality analysis along with clustering analysis by transforming the two-mode network into a one-mode network. Degree centrality involves analyzing the degree to which one keyword links to other keywords, and betweenness centrality shows the mediating effects of a keyword to other keywords. In the centrality analysis results, “innovation”, “sustainability”, “platform”, and “business model” showed the highest degree centrality, and “sustainability”, “innovation”, “China”, and “platform” had the highest betweenness centrality. Then, we classified the clusters of subtopics into five groups. The current study examined accumulated research and suggested a comprehensive understanding of the research trend in business ecosystem by incorporating a method enabling research trend analysis to secure objectivity. This research is expected to help researchers to review the research trend in business ecosystem and identify expandable topics for further studies.

Suggested Citation

  • Matthew Minsuk Shin & Seunghye Jung & Jin Sung Rha, 2021. "Study on Business Ecosystem Research Trend Using Network Text Analysis," Sustainability, MDPI, vol. 13(19), pages 1-17, September.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:19:p:10727-:d:644313
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    References listed on IDEAS

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    1. Lorena Espina-Romero & Jesús Guerrero-Alcedo & José Gregorio Noroño Sánchez & Angélica Ochoa-Díaz, 2022. "What Are the Topics That Business Ecosystems Navigate? Updating of Scientific Activity and Future Research Agenda," Sustainability, MDPI, vol. 14(23), pages 1-14, December.
    2. Endo, Hideaki & Goto, Mika, 2024. "The impact of the Covid-19 pandemic on the management of private railway companies in Japan: Profitability and business model analyses," Transport Policy, Elsevier, vol. 147(C), pages 32-49.
    3. Haruo Awano & Masaharu Tsujimoto, 2022. "Mechanisms for Business Ecosystem Members to Capture Value through the Strong Network Effect," Sustainability, MDPI, vol. 14(18), pages 1-13, September.

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