4.1 Article

Global dematerialization, the renaissance of Artificial Intelligence, and the global stakeholder capitalism model of digital platforms: current challenges and future directions

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Summary: In this article, the global stakeholder capitalism model of digital platforms is introduced. The role of big data in the formation of new extended innovation ecosystems of digital platforms is described and how these ecosystems give rise to a new model is explained. The implications of this new model for digital platform strategy from a Schumpeterian perspective are discussed, showing how digital platforms profit from innovation through a different form of rents. The conclusion is that the sustainability of this model depends on a new form of governance that assumes multi-fiduciary corporate duties in the extended innovation ecosystems of digital platforms.

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