The energy sector is currently undergoing a fundamental transition.
Triggered by the idea of energy economics phd thesis example change mitigation and political discussions about a nuclear phase-out, the sector has experienced a pronounced shift towards CO2-neutral power generation and energy efficiency. Along with this technological shift, there have also been attempts to partly liberalize the energy economics phd thesis example markets.
These developmentsknown as the energy transitionchallenge incumbent electric utilities, which are used to operating in a fairly stable business environment. In addition, wholesale power prices drastically declined afterincreasing the pressure on electric utilities' traditional business models even further. The energy economics phd thesis example evidence on whether incumbents facing drastic changes in their thesis example environments are able to cope with these changes is mixed.
Despite the existence of self control essays studies that depict both successes and failures by incumbents energy click phd thesis example the energy industry, a detailed understanding of how electric energy economics phd thesis example adapt to the energy transition is still missing.
In order to survive, incumbents need to respond to the new environmental demands with a new strategy, namely new business activities.
However, literature shows that such an adaptation must go hand in hand with energy economics phd thesis example the organization's cognition. To be successfully launched, new business activities need to serve a new organizational purpose and match new organizational capabilities.
For both the establishment of a new organizational vision and a capability reconfiguration, energy economics phd thesis example cognitive processes on all levels of the organization's hierarchy are involved.
Energy economics phd dissertation covers both the question of how electric utilities strategically adapt to the energy transition and also how electric utilities adapt their cognition to the new environmental circumstances.
The thesis consists of four individual papers that each targets a specific literature gap. Paper energy economics phd thesis example investigates how the biggest electric utilities worldwide have adapted their business thesis example during the energy transition, and paper 2 analyzes the role of electric utilities in one of these new business activitiesgreen power tradingin more depth.
Energy economics phd thesis example 3 and 4 then look into cognitive intra-organizational adaptation processes. While energy economics phd thesis example 3 investigates drivers of the perception of ideal and current organizational identities on all hierarchy levels of an electric utility, paper 4 engages with the drivers of the perception of organizational capabilities needed for the new business environment.
To answer these questions, this thesis example draws on different data energy economics phd thesis example, namely, archival data, expert interviews, and survey data, and different methodological approaches, namely text analysis, descriptive quantitative assessment, and structural equation modeling.
I find that incumbent electric utilities can indeed make use thesis example their existing assets and capabilities to face the energy transition. However, the energy transition turns out to be a multilayered transition containing more than just one discontinuity. This results in electric utilities embracing some elements of the transition energy economics phd resisting others.
Regulations and policy instruments can definitely help steer incumbent electric utilities towards strategically adapting certain elements of the energy transition. Despite this fact, whether or not thesis example successfully adapt to environmental discontinuities also greatly depends on organizational cognition.
Energy economics phd thesis example is because employees of incumbent organizations can develop different interpretations of the environmental changes, despite facing thesis example same situation.
Different interpretations lead to differing degrees of embracing or energy economics phd thesis example the energy transition.
This thesis depicts approaches that incumbent electric utilities can use to adapt their organizational identities and capabilities. It reveals two main findings regarding organizational cognition: First, because of an organization's heterogeneity, shaping an organizational identity is complex and energy economics phd thesis example involves paradoxical sensegiving strategies.
Managers wishing to change an incumbent organization's identity need to communicate in a much more nuanced and tailored way than expected.
Second, successfully reconfiguring organizational capabilities involves not only changing organizational routines, but also the organizational vision, which importantly serves as an energy economics phd thesis example for routine changes. The current debates about increasing oil prices and climate change have one here in common: Considering the former, carbon scarcity regarding fossil resources emphasizes that we do not have enough of it.
2018 ©