Sustainable Innovation and Entrepreneurship
Show Less

Sustainable Innovation and Entrepreneurship

Edited by Rolf Wüstenhagen, Jost Hamschmidt, Sanjay Sharma and Mark Starik

In recent years our understanding of corporate sustainability has moved from exploitation to exploration, from corporate environmental management to sustainable entrepreneurship, and from efficiency to innovation. Yet current trends indicate the need for radical innovation via entrepreneurial start-ups or new ventures within existing corporations despite difficulties with the financing and marketing of such efforts. Presenting both conceptual and empirical research, this fascinating book addresses how we can combine environmental and social sustainability with economic sustainability in order to produce innovative new business models.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 5: Obstacles to Commercialization of Clean Technology Innovations from UK Ventures

Nicky Dee, Simon Ford and Elizabeth Garnsey


Nicky Dee, Simon Ford and Elizabeth Garnsey1 Since the Industrial Revolution, the economies of the industrialized world have been founded on a carbon-intensive production paradigm. Economically valuable energy resources have been obtained from stores of coal, oil and natural gas. Established companies that produce these energy resources, along with products reliant on these resources, have a market position founded on this paradigm that is not easily modified or abandoned. Prior developments limit opportunities that established firms can see or take up. So while many existing companies are aware of pressures from changing environmental conditions, they are constrained in their capacity to generate novelty of organization and output. The result of such constraints is that established companies have a poor track record addressing environmental issues: Many utility companies have failed to take the key steps to equip themselves for the new environment. Fewer than one in five of European companies . . . has a strategy for climate change and emissions trading in place and fully operational. Even more worryingly, one in five said they had no climate change strategy at all. Progress is even slower in other markets. Only one in eight of the American companies surveyed, for example, has fully implemented a climate change strategy. (Wiegand and Gledhill, 2004, p. 2) While they occasionally introduce breakthroughs that build on their competences to extend their markets (Tushman and Anderson, 1997), the majority of innovations by established companies are incremental since they are unlikely to undertake innovations that undermine their hardearned competences (Utterback,...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.