Call for Paper for a Special Issue of the Journal of Product Innovation Management.
Artificial Intelligence, Stakeholder Engagement, and Innovation Value
Guest Editors: Praveen Kopallé, Costas Katsikeas, Giampaolo Viglia, and Linda Hollebeek
Deadline: 30 October 2023
Managers increasingly adopt, incorporate, and rely on an ever-growing range of artificial intelligence (AI)-based technologies and applications (Wetzels, 2021; Garbuio & Nidthida, 2021). For example, companies such as Amazon or IBM are using artificially intelligent innovations in their human resource management (HRM) planning and implementation (e.g., by scanning candidates’ résumés, recording and interpreting interviewees’ responses, and managing employee churn; Bailey et al., 2019; Vrontis et al., 2021). Likewise, firms like Tesco and Starbucks are leveraging marketing-based AI applications, by providing product recommendations to (prospective) customers, personalizing brand-related content, segmenting customers, and optimizing their pricing strategies, among others (Verganti et al. 2020; Huang & Rust, 2021). Moreover, operations management-based AI applications, which can be used to facilitate tasks including production/sales forecasting, operation-related anomaly prediction, and (big) data analytics, have also taken off in leading organizations including Walmart, Philips, and eBay, to name a few (Cappa et al., 2021; Raisch & Krakowski, 2021).
Key benefits of these AI-based innovations include enhanced efficiency, improved prediction (e.g., of individuals’ needs or behaviors), and reduced human error and time to market (Hollebeek et al., 2021), thus offering significant value to firms and their stakeholders (Eisingerich et al., 2021; Brynjolfsson et al., 2019). Quantifying these benefits, global consultancy firm Gartner has forecast AI technology to achieve a compound annual growth rate of 28%, from $692bn in 2017 to $5.025 trillion in 2025 (Lovelock et al., 2018). Likewise, PwC (2021) estimates that “AI could contribute up to $15.7 trillion to the global economy in 2030.” Particularly in a (post-)Covid environment featuring a growing desire for contactless interactions, the demand for AI-based solutions is surging (Khemasuwan & Colt, 2021; Spanjol & Noble, 2020). Given AI’s potentially transformative impact on innovation management, literature in this area is rapidly emerging (Garbuio et al., 2021; Haefner et al., 2021). However, little remains known regarding the drivers, dynamics, characteristics, and outcomes of AI adoption on different organizational stakeholders’ engagement with these applications (e.g., Kumar et al., 2019; Hughes et al., 2019) and their perceived AI-based innovation value (Ganotakis & Love, 2012), thus exposing a pertinent literature-based gap and leaving managers in the dark regarding these issues that are of growing importance to their business (Hyve, 2019).
With its stakeholder theory-informed roots that date back to the 1980s (e.g., Freeman, 1984), stakeholder engagement is subject to a rich academic discourse (e.g., Donaldson and Preston, 1995; Watson et al., 2018), in which stakeholders are viewed as “any group or individual who can affect or is affected by [the firm]” (Freeman 1984, p. 46), including its employees, customers, suppliers, investors, owners, strategic partners, competitors, government, the media, local community organizations, etc. In this literature stream, stakeholder engagement, defined as “a stakeholder’s [cognitive, emotional, and behavioral] resource endowment in his/her role-related interactions, activities, and/or relationships”(Hollebeek et al., 2022, p. 328), has been identified as a key stakeholder management metric (Viglia et al., 2018; Menguc et al., 2017; O’Riordan & Fairbrass, 2014). In particular, elevated stakeholder engagement is conducive to enhanced stakeholder trust, dialogue, and collaboration, in turn boosting (e.g., innovation-related) returns and stakeholder-perceived value (e.g., Katsikeas et al., 2016; Moreau, 2011). However, as specific firm stakeholders’ needs, interests, and engagement typically differ and may even oppose one another (Freeman et al., 2010), little is known regarding different firm stakeholders’ engagement with AI-based applications or their drivers, dynamics, potential tensions, and consequences, whether for the focal stakeholder, other stakeholders, or the firm (e.g., Wijayati et al., 2022; Perez-Vega et al., 2021), thus warranting further exploration.
In other words, despite the advances made in the individual topic areas of AI, stakeholder engagement, and innovation value, understanding of the intersection of different stakeholders’ engagement with specific AI-based applications and their perceived innovation value lags behind. For example, while authors, including Heller et al. (2021) or Eisingerich et al. (2021) explore AI’s role in fostering customer engagement, understanding of its effect on other or multiple stakeholders’ engagement – while pivotal for firms – remains limited (e.g., Huang et al., 2021; Sjödin et al. 2019; PwC, 2019), necessitating further exploration.
In response to this gap, this interdisciplinary Special Issue solicits state-of-the-art submissions that explore the role of AI applications in developing, nurturing, or optimizing specific stakeholders’ engagement (e.g., with the brand or firm) and perceived innovation value. To be considered for publication in the Special Issue, manuscripts should offer a substantial original contribution to AI-, stakeholder engagement-, and innovation management research. We welcome conceptual, methodological, qualitative, quantitative, or mixed-methods contributions grounded in a range of perspectives that offer insight into issues including, but not limited to, the following:
– Conceptual development of the AI/stakeholder engagement interface
– AI-based stakeholder engagement’s nomological network
– AI-based engagement’s impact on stakeholder-, innovation-, and firm performance
– Stakeholders’ potential AI-based differences, tensions, or vulnerabilities
– Methodological issues at the AI/stakeholder engagement interface
The deadline for submissions to this Special Issue is October 30, 2023, via the Journal of Product Innovation Management’s online submission portal. When submitting your manuscript, please select the Special Issue (SI): AI-based Stakeholder Engagement from the drop-down menu. Submissions should be prepared in accordance with the Journal of Product Innovation Management’s editorial policy and author guidelines.
The guest editors will screen submissions to ensure their suitable scope, fit with the journal’s aims and objectives, and relevance to the Special Issue topic. Manuscripts that do not pass the initial screening will be returned to the authors, while the others will be peer-reviewed in accordance with the Journal of Product Innovation Management’s guidelines and procedures. The Special Issue’s publication is planned for the second half of 2025.
Queries can be directed at the Special Issue Guest Editors:
– Martin Wetzels, Professor of Marketing, EDHEC Business School
– Costas Katsikeas, Arnold Ziff Research Chair in Marketing & International Management, University of Leeds
– Giampaolo Viglia, Professor of Marketing, University of Portsmouth and Università della Valle d’Aosta
– Linda D. Hollebeek, Professor of Marketing, Vilnius University and Tallinn University of Technology
More details and references available here.