Ecological determinants of smart home ecosystems: A coopetition framework

Elisabeth Struckell, Divesh Ojha, Pankaj C. Patel and Amandeep Dhir

Technological Forecasting and Social Change, 2021, vol. 173, issue C

Abstract: Nearly every industry classification is experiencing slow growth and increasing concentration. Seldom do researchers have an opportunity to observe an emerging industry segment with as much promise as the smart home ecosystem, an exponentially growing industry. The study presents a novel approach using industry life cycle model and a coopetition framework to understand the process of the ecosystem development. Building on recent literature suggesting companies that purposefully match strategy to life cycle stage, the paper describes the strategic motivations and critical factors involved in the competition-based evolution of smart home ecosystems from early to growth phases, leading to a decision among the largest competitors to engage in coopetition. Following life cycle theory, in a mature phase, we forecast companies will attempt to differentiate by leveraging their brands, services, and bundles to drive differentiation. The standardization discussed in industry life cycle research is complemented by using the collaboration model required for complex and highly integrated systems. We provide four propositions and discussion of implications for future research and practice.

Keywords: Smart home; Ecosystems; Population ecology; Coopetition (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0040162521005801
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:173:y:2021:i:c:s0040162521005801

DOI: 10.1016/j.techfore.2021.121147

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu ().