Analysis on formation of emerging business ecosystems from deals activities of global electric vehicles hub firms

Ranjit Gupta, Cristian Mejia, Yogesh Gianchandani and Yuya Kajikawa

Energy Policy, 2020, vol. 145, issue C

Abstract: Firms seeking to align with an emerging socio-technological paradigm for a future sustainable competitive advantage are faced with the decision of effectively positioning themselves within related business ecosystems. The positioning options broadly belong to assuming the functions of a platform, a supplier, a complementary, an intermediary or a combination of them. The timing and level of investment by each can be guided by insights on formation of ecosystems. In this study, we applied network analysis on historical deals data to derive insights on influencing factors and positioning strategies pursued by the hub firms that contributed through alliances to the formation of major ecosystems for the global Electric Vehicles (EV) industry. We introduce the notion of ecosystem formation hub firms that service a range of value chain functions under their prevailing governmental incentives structures. The prominent growth clusters have highlighted distinct regional policy environments, namely, rapid technology advancement push, market need fulfillment and early adoption stimulus. The firm strategies adopted for an emerging industry offer an ecosystem perspective to policy makers to design incentives for promoting formation hub firms and their complementors.

Keywords: Business ecosystems; Ecosystem design; Deals analysis; Bibliometric analysis; Electric vehicles (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:145:y:2020:i:c:s0301421520302779

DOI: 10.1016/j.enpol.2020.111532

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