Institutional influences on business model choice by new ventures in the microgenerated energy industry

Energy Policy

Volumn 39, Issue 9, 2011, Pages 5630-5637

  Provance, Mike ^a   Donnelly, Richard G ^b   Carayannis, Elias G ^b  

^a OLD DOMINION UNIVERSITY   (United States)

^b GEORGE WASHINGTON UNIVERSITY   (United States)

Author keywords

Entrepreneurship; Institutions; Microgeneration

Indexed keywords

BUSINESS MODELS; CHOICE PROCESS; COGNITIVE ABILITY; COMPETITIVE ADVANTAGE; ENERGY INDUSTRY; ENERGY SECTOR; ENTREPRENEURSHIP; EXTERNAL FACTORS; EXTERNAL FORCE; INSTITUTIONAL INFLUENCES; INTERNAL RESOURCES; INTERNAL VALUES; MICROGENERATION; NATIONAL INNOVATION SYSTEMS; NEW VENTURES; POLITICAL STRUCTURE; STRATEGIC MANAGEMENT;

COGNITIVE SYSTEMS; COMPETITION; DECISION MAKING;

SOCIETIES AND INSTITUTIONS;

BUSINESS; DECISION MAKING; ENERGY MARKET; ENTREPRENEUR; MODELING; STAKEHOLDER;

EID: 79960710569     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2011.04.031     Document Type: Article

References (37)

1. Alvarez S.A., Barney J.B. How do entrepreneurs organize firms under conditions of uncertainty?. Journal of Management 2005, 31.
2. Amit R., Zott C. Value creation in e-business. Strategic Management Journal 2001, 22.
3. Baker T., Miner A.S., Eesley D.T. Improvising firms: bricolage, account giving and improvisational competencies in the founding process. Research Policy 2003, 32.
4. Baker T., Nelson R.E. Creating something from nothing: resource construction through entrepreneurial bricolage. Administrative Science Quarterly 2005, 50.
5. Callon M. Introduction: the embeddedness of economic markets in economics. Anonymous, The Laws of the Market 1998, Blackwell, Oxford.
6. Carayannis E.G. Knowledge-driven creative destruction, or leveraging knowledge for competitive advantage: strategic knowledge arbitrage and serendipity as real options drivers triggered by co-opetition, co-evolution and co-specialization. Industry and Higher Education 2008, 22.
7. Carayannis E.G., Campbell D.F.J. "Mode 3": meaning and implications from a knowledge systems perspective. Knowledge Creation, Diffusion, and Use in Innovation Networks and Knowledge Clusters: A Comparative Systems Approach Across The United States, Europe, and Asia 2006, Praeger Publishers, Westport, CT. E.G. Carayannis, D.F.J. Campbell (Eds.).
8. Carayannis E.G., Roy R.I.S. Davids vs. Goliaths in the small satellite industry: the role of technological innovation dynamics in firm competitiveness. Technovation 2000, 20.
9. Chesborough H., Rosenbloom R.S. The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies. Industrial and Corporate Change 2002, 11.
10. DiMaggio P., Powell W. The Iron Cage revisited: institutional isomorphism and collective rationality in organizational fields. American Sociological Review 1983, 48.
11. Doganova L., Eyquem-Renault M. What do business models do?: innovation devices in technology entrepreneurship. Research Policy 2009, 38.
12. Hughes T.P. Networks of Power: Electrification in Western Society, 1880-1930 1983, Johns Hopkins University Press, Baltimore.
13. Jepperson R.L. Political modernities: disentangling two underlying dimensions of institutional differentiation. Sociological Theory 2002, 20:61-85.
14. Kirzner I.M. Entrepreneurial discovery and the competitive market process: an Austrian approach. Journal of Economic Literature 1997, 35.
15. Kirzner, I.M., 2008. The alert and Creative Entrepreneur: A Clarification. IFN Working Paper No. 760. Research Institute of Industrial Economics, Stockholm, Sweden.
16. Morris M., Schindehutte M., Richardson J., Allen J. Is the business model a useful strategic concept? Conceptual, theoretical, and empirical insights. Journal of Small Business Strategy 2006, 17.
17. North D.C. Institutions and the process of economic change. Management International 2005, 9.
18. Rindova V.P., Kotha S. Continuous "morphing": competing through dynamic capabilities, form, and function. Academy of Management Journal 2001, 44.
19. Rutherford M.W., Buller P.F. Searching for the legitimacy threshold. Journal of Management Inquiry 2007, 16.
20. Sauter R. Socio-technical implications of domestic microgeneration technologies in the UK electricity system. International Journal of Environmental Technology and Management 2008, 9.
21. Sauter R., Watson J. Strategies for the deployment of microgeneration: implications for social acceptance. Energy Policy 2007, 35.
22. Schilling M., Esmundo M. Technology S-curves in renewable energy alternatives: analysis and implications for industry and government. Energy Policy 2009, 37.
23. Schumpeter J.A. The Theory of Economic Development; An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle 1934, Harvard University Press, Cambridge, MA.
24. Sine W.D., David R.J. Environmental jolts, institutional change, and the creation of entrepreneurial opportunity in the US electric power industry. Research Policy 2003, 32.
25. Sine W.D., Haveman H.A., Tolbert P.S. Risky business: entrepreneurship in the new independent-power sector. Administrative Science Quarterly 2005, 50.
26. Spencer J.W., Murtha T.P., Lenway S.A. How governments matter to new industry creation. Academy of Management Review 2005, 30.
27. Suarez F.F., Utterback J.M. Dominant designs and the survival of firms. Strategic Management Journal 1995, 16.
28. United Kingdom Energy Act, 2004.
29. Department for Business Enterprise and Regulatory Reform, 2008. Microgeneration Strategy Progress Report. United Kingdom.
30. Department for Business Enterprise and Regulatory Reform, 2006. The Need for Microgeneration Strategy. United Kingdom.
31. U.S. House of Representatives, 2009. American clean energy and security act. HR 2454.
32. U.S. Senate, 2009. American clean energy leadership act. S 1462.
33. Van der Veen R.A.C., De Vries L.J. The impact of microgeneration upon the Dutch balancing market. Energy Policy 2009, 37.
34. Vasudeva G. How national institutions influence technology policies and firms' knowledge-building strategies: a study of fuel cell innovation across industrialized countries. Research Policy 2009, 38.
35. Watson J. Co-provision in sustainable energy systems: the case of micro-generation. Energy Policy 2004, 32.
36. Zimmerman M.A., Zeitz G.J. Beyond survival: achieving new venture growth by building legitimacy. Academy of Management Review 2002, 27.
37. Zott C., Amit R. Business model design and the performance of entrepreneurial firms. Organization Science 2007, 18.