Startups versus incumbents in ‘green’ industry transformations : A comparative study of business model archetypes in the electrical power sector
Palmié, Maximilian; Boehm, Jonas; Friedrich, Jonas; Parida, Vinit; Wincent, Joakim; Kahlert, Jonas; Gassmann, Oliver; Sjödin, David (2021-07)
Palmié, Maximilian
Boehm, Jonas
Friedrich, Jonas
Parida, Vinit
Wincent, Joakim
Kahlert, Jonas
Gassmann, Oliver
Sjödin, David
Elsevier
07 / 2021
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2021090845636
https://urn.fi/URN:NBN:fi-fe2021090845636
Kuvaus
vertaisarvioitu
© 2021 The Author(s). Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
This research project is financially supported by the Swiss Innovation Agency Innosuisse and is part of the Swiss Competence Center for Energy Research SCCER CREST. Innosuisse had no influence on study design, the collection, analysis, and interpretation of data, the writing of the manuscript, and on the decision to submit the manuscript for publication. We thank the editors, three anonymous reviewers, as well as Rolf Wüstenhagen for their helpful comments.
© 2021 The Author(s). Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
This research project is financially supported by the Swiss Innovation Agency Innosuisse and is part of the Swiss Competence Center for Energy Research SCCER CREST. Innosuisse had no influence on study design, the collection, analysis, and interpretation of data, the writing of the manuscript, and on the decision to submit the manuscript for publication. We thank the editors, three anonymous reviewers, as well as Rolf Wüstenhagen for their helpful comments.
Tiivistelmä
Scholars have recently argued that startups and incumbents play differential roles in the disruptive transformations of industries toward sustainability and that the transformations are only likely to succeed if both startups and incumbents contribute. To understand their respective contributions and, thus, to understand how industries make the transition toward sustainability, comparative studies of incumbents versus startups during this transformation have been identified as a central pursuit, but yet they are mostly lacking. Since business models have become a principal way of characterizing firms, the present study takes a business model perspective and derives business model archetypes in the electrical power sector from an analysis of 280 startups and incumbents in three different countries. The selected countries (USA, UK, and India) represent three different energy profiles and leading instances of disruption in the energy sector. The article, then, undertakes a comparative analysis of startups and incumbents based on the empirically distilled business model archetypes and develops propositions on startups, incumbents, and business models in industry transformations. This analysis produces several important insights. First, incumbents do not seem to engage in less business model experimentation than startups. Second, incumbents have adopted several new business models that are not pursued by startups. Third, startups have espoused some business models that are not pursued by incumbents. Fourth, foreign firms can also affect the ‘green’ transformation of an industry in a focal country. Finally, the identified business model archetypes are likely to be of interest to scholars and practitioners who are seeking an improved understanding of business models in the electrical power industry and the industry's competitive landscape.
Kokoelmat
- Artikkelit [2341]