Many examples in Switzerland and abroad show that the problem-solving potential of business model innovation can be successfully applied to tackle complex challenges associated with energy decarbonization.
Still, experience shows that such transitions depend on the interplay of
- public policy,
- customer decisions, as well as
- private companies, often with diverging and competing interests.
A holistic perspective and coordinated development of policy, infrastructure, and business model innovation are therefore necessary to ensure that the value creation potential of decarbonization is fully realized.
A forthcoming paper draws upon theories from strategic management, such as business ecosystems and public value theory, to build a conceptual framework describing how business and public policy interact under low-carbon energy transitions.
This conceptual framework will form the basis for further empirical work, as well as the design of new business models and governance arrangements.
