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Dr Kaisa Still, VTT Technical Research Centre of Finland Jukka Huhtamäki, Tampere University of Technology Kredible.net workshop, Stanford Oct 2014: Understanding how knowledge and trust, online collaboration, roles, and credibility emerge in social media Understanding the wealth-creating potential of relationships: beyond the pretty pictures based on ”fluff” of the Internet

Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

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Kaisa Still, VTT and Jukka Huhtamäki, TUT. Presented at Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University. http://kredible.net/in/second-kredible-net-workshop-stanford-university/

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Page 1: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

Dr Kaisa Still, VTT Technical Research Centre of Finland Jukka Huhtamäki, Tampere University of Technology

Kredible.net workshop, Stanford Oct 2014: Understanding how knowledge and trust, online collaboration, roles, and credibility emerge in social media

Understanding the wealth-creating potential of relationships:

beyond the pretty pictures based on ”fluff” of the Internet

Page 2: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

Employee((((Execu,ve(Advisor((((Founder(Investor((((Referrer(

Acquisi,on(Deal(

(((((((((((((((((((((((((Alliance(

Investment(Angel(

People&

Company&

Financing&

Higher&&Educa6on&

Research(project(Publica,ons(Patents(

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Background- we are connected

•  3+ years of exploring ecosystemic nature of innovation & the role of relationships as conduits for talent, information and financial resources (conference papers and journal articles)

•  Case studies of innovation ecosystems

Using social network analysis (SNA) and network visualizations to explain the relationships/connections/interactions in a concrete/

explicit way shown to be useful and valuable

Page 3: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

IMPORTANCE OF LINKAGES

“The innovative activities of a firm partly depend on the variety and structure of its links to sources of information, knowledge, technologies, practices and human and financial resources.”

Recognizing the sources for transfers of knowledge and technology

Page 4: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

Relational capital

Traditional approaches very limited in their power or explaining the wealth-creating potential of collaboration, which we think needs to be made explicit with relationships, connections and their interactions.

Page 5: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

Social capital and relational capital

Page 6: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

OUR DATA-DRIVEN APPROACH

For bringing out insights on the networked

innovation: The skeleton of the

ecosystem, the roles of individual actors

Still, K. Huhtamäki, J., Russell, M., Basole, R. & Rubens, N. 2013. Networks of innovation relationships: multiscopic views on Finland. Proceedings of XXIV ISPIM Conference, June 16-19, Helsinki, Finland.

Page 7: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

Our approach: processes and toolchains (cf. NAV model)

(3) Visualizations

(2) SNA metrics

(1) Relational

data

Degree Betweenness centrality … Eigenvector centrality Closeness centrality?

Information centrality?

(Hansen et al., 2009)

Page 8: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

OTHER EXAMPLES OF SHOWING CONNECTIONS

Connections through projects

Rubens, N., Russell, M.G., Perez, R., Huhtamäki, J., Still, K., Kaplan, D. & Okamoto, T. 2011.Alumni Network Analysis. In Global engineering education conference (educon), 2011, IEEE,Amman, Jordan, 2011, 606-611.

Connections through citations in publications

Still, K., Huhtamäki, J. & Martha Russell. 2013. Relational Capital and Social Capital: one or two Fields of Research? Proceedings of International Conference on Intellectual Capital and Knowledge Management, ICICKM 2013, Washington DC, Oct 24-25.

Still, K., Huhtamäki, J., Russell, M. G. & Rubens, N. 2012. Transforming Innovation Ecosystems Through Network Orchestration: Case EIT ICT Labs. Proceedings of the XXIII ISPIM Conference – Action for Innovation: Innovating from Experience, June 17-20, 2012, Barcelona, Spain.

Alumni connections

Connections of Twitter-followers

Huhtamäki, J., Still, K., Isomursu, M., Russell, M. G. & Rubens, N. 2012. Networks of Growth: Case Young Innovative Companies in Finland. Proceedings of the 7th European Conference on Innovation and Entrepreneurship, September 20-21, 2012, Santarem, Portugal. Santerem, Portugal.

Connections between innovation ecosystems

Page 9: Understanding the wealth-creating potential of relationships :: Kredible.net workshop, October 2013, Stanford University

Experiment at Wallenberg Hall

14 seasoned decision makers as participants