期刊名称：International Journal of Managing Information Technology
印刷版ISSN：0975-5926
电子版ISSN：0975-5586
出版年度：2019
卷号：11
期号：3
页码：1-20
DOI：10.5121/ijmit.2019.11301
出版社：Academy & Industry Research Collaboration Center (AIRCC)
摘要：Amazon became the world R&D leader in 2017 by rapidly increasing R&D investment. The companyâs extremely large amount of R&D funds is the result of an ample free cash flow generated by sophisticated cash conversion cycle (CCC) management. Increased R&D induced business advancement and lean cost structure construction leading to further increase in cash flow which has stimulated interaction between vendors, customers, and Amazon via the Amazon marketplace. Activated interaction accelerated CCC advancement, a subsequent free cash flow increase, and user-driven innovation, thus accelerated the transformation of routine and periodic alteration activities into significant improvement simultaneously. All of these components function together as a consolidated sophisticated machine. In light of the increasing concern to R&D resources development without the dilemma of a productivitydecline that most digital economies are now confronting, this paper demonstrated the above hypotheticalview. An intensive empirical analysis focusing on the development trajectory of Amazonâs techno-financingsystem over a period from 1997 to 2018 was conducted. An insightful suggestion to neo open innovation that fuses financing management and R&D managementwas thus provided.
