Reconceptualising the co-evolution of firms-in-industries and their environments: Developing an inter-disciplinary Triple Embeddedness FrameworkCitation formats

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Reconceptualising the co-evolution of firms-in-industries and their environments: Developing an inter-disciplinary Triple Embeddedness Framework. / Geels, Frank W.

In: Research Policy, Vol. 43, No. 2, 03.2014, p. 261-277.

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@article{75635cfc9fe44e6ab9c48fa1ab85e4e9,
title = "Reconceptualising the co-evolution of firms-in-industries and their environments: Developing an inter-disciplinary Triple Embeddedness Framework",
abstract = "This inter-disciplinary theory-building paper is motivated by the debate on grand societal challenges and by calls in the innovation studies literature for frameworks that offer a better understanding of the co-evolution of industries and their economic, political, cultural, and social environments. In response to these debates, the paper develops a new triple embeddedness framework (TEF), which conceptualizes firms-in-industries as embedded in two external (economic and socio-political) environments and in an industry regime which mediates strategic actions towards the external environments. The TEF's theoretical logic draws on the adaptation-selection debate, which suggests that the co-evolution phenomenon can be approached from two angles. With regard to (population-level) selection theories, which highlight pressures on industries from external environments, the TEF accommodates insights from evolutionary economics, neo-institutional theory, and economic sociology. With regard to (firm-level) adaptation theories, the TEF accommodates insights from externally-oriented strategy schools (economic positioning strategy, innovation strategy, corporate political strategy, discursive strategy, issue management) and internally-oriented strategy approaches (linked to knowledge/capabilities and cognition/sensemaking). The combination of insights produces a multi-dimensional framework with bi-directional interactions between firms-in-industries and their environments. Implications for the grand challenge agenda are discussed in a separate section and illustrated with examples. {\circledC} 2013 Elsevier B.V. All rights reserved.",
keywords = "Appreciative theorising, Co-evolution, Embeddedness, Grand societal challenges, Incumbent firms",
author = "Geels, {Frank W.}",
note = "This work has been supported by an ERC grant (No. 204246).",
year = "2014",
month = "3",
doi = "10.1016/j.respol.2013.10.006",
language = "English",
volume = "43",
pages = "261--277",
journal = "Research Policy",
issn = "0048-7333",
publisher = "Elsevier BV",
number = "2",

}

RIS

TY - JOUR

T1 - Reconceptualising the co-evolution of firms-in-industries and their environments: Developing an inter-disciplinary Triple Embeddedness Framework

AU - Geels, Frank W.

N1 - This work has been supported by an ERC grant (No. 204246).

PY - 2014/3

Y1 - 2014/3

N2 - This inter-disciplinary theory-building paper is motivated by the debate on grand societal challenges and by calls in the innovation studies literature for frameworks that offer a better understanding of the co-evolution of industries and their economic, political, cultural, and social environments. In response to these debates, the paper develops a new triple embeddedness framework (TEF), which conceptualizes firms-in-industries as embedded in two external (economic and socio-political) environments and in an industry regime which mediates strategic actions towards the external environments. The TEF's theoretical logic draws on the adaptation-selection debate, which suggests that the co-evolution phenomenon can be approached from two angles. With regard to (population-level) selection theories, which highlight pressures on industries from external environments, the TEF accommodates insights from evolutionary economics, neo-institutional theory, and economic sociology. With regard to (firm-level) adaptation theories, the TEF accommodates insights from externally-oriented strategy schools (economic positioning strategy, innovation strategy, corporate political strategy, discursive strategy, issue management) and internally-oriented strategy approaches (linked to knowledge/capabilities and cognition/sensemaking). The combination of insights produces a multi-dimensional framework with bi-directional interactions between firms-in-industries and their environments. Implications for the grand challenge agenda are discussed in a separate section and illustrated with examples. © 2013 Elsevier B.V. All rights reserved.

AB - This inter-disciplinary theory-building paper is motivated by the debate on grand societal challenges and by calls in the innovation studies literature for frameworks that offer a better understanding of the co-evolution of industries and their economic, political, cultural, and social environments. In response to these debates, the paper develops a new triple embeddedness framework (TEF), which conceptualizes firms-in-industries as embedded in two external (economic and socio-political) environments and in an industry regime which mediates strategic actions towards the external environments. The TEF's theoretical logic draws on the adaptation-selection debate, which suggests that the co-evolution phenomenon can be approached from two angles. With regard to (population-level) selection theories, which highlight pressures on industries from external environments, the TEF accommodates insights from evolutionary economics, neo-institutional theory, and economic sociology. With regard to (firm-level) adaptation theories, the TEF accommodates insights from externally-oriented strategy schools (economic positioning strategy, innovation strategy, corporate political strategy, discursive strategy, issue management) and internally-oriented strategy approaches (linked to knowledge/capabilities and cognition/sensemaking). The combination of insights produces a multi-dimensional framework with bi-directional interactions between firms-in-industries and their environments. Implications for the grand challenge agenda are discussed in a separate section and illustrated with examples. © 2013 Elsevier B.V. All rights reserved.

KW - Appreciative theorising

KW - Co-evolution

KW - Embeddedness

KW - Grand societal challenges

KW - Incumbent firms

U2 - 10.1016/j.respol.2013.10.006

DO - 10.1016/j.respol.2013.10.006

M3 - Article

VL - 43

SP - 261

EP - 277

JO - Research Policy

JF - Research Policy

SN - 0048-7333

IS - 2

ER -