Entries, Exits And Business Model Transformations

This work analyzes the strategic configurations in emerging solar and wind industries to answer the question whether strategic patterns exist, and if it is the case, what impact different strategic configurations have on the performance of firms that follow these configurations. In the first step, necessary theories and explanation approaches are presented to provide a solid basis for the analysis. In the second step, cluster analysis is applied on firm data that was collected for 86 solar and 38 wind energy firms to derive clusters that represent different sets of realized strategies. And in the third and last step, a typology of strategic patterns in emerging industries is derived based on the previous results.