Networked business models on a nascent market for sustainable innovation

Journal article, 2024

PurposeThe purpose of this paper is to explore networked business models on a nascent market for a sustainable innovation.Design/methodology/approachThe study takes a qualitative approach through a comparative case study of three solar photovoltaic (PV) parks in Sweden. Data was collected from 14 interviews with multiple supply chain and network actors as well as secondary data. Industrial marketing and purchasing is applied for theoretical framing.FindingsThe study demonstrates transactional, relational, environmental and social drivers for participating in the network. The study reveals the duplicity of the nascent market, which encourages supply chain actors to develop their individual business models to take a larger market share or become future competitors to current collaborators. On the nascent market with few developed regulations, the network enables actors to influence regulations on local and regional levels.Research limitations/implicationsThe study is limited to the nascent solar PV industry in Sweden, which is characterized by institutional turbulence, market uncertainties and few established supply networks.Practical implicationsPractitioners need to consider multifarious drivers for participating in networked business models, where the economic driver may be the least motivating.Originality/valueThis study provides several multiactor business models and classifies them into specific applications and general applications. The study provides unique insight into the complexity of interactions among supply chain actors in networked business models on a nascent market for sustainable innovation. Due to the scarcity of available partners on the nascent market, actors need to look beyond their on-going relationships and their network horizon, or actors' roles evolve to include activities that was not part of their individual business models.