Exploring Internal Mechanisms of Innovation Ecosystem: A Case of Russian Electric Power Sector
Ongoing structural transformation of Russian electric power sector leads to the revision of both technological and organizational backbone of the industry. Spread of innovative technologies, emergence of new types of players and changing consumer behavior force incumbents to adapt their strategies and create various innovative value propositions. However, restrain in resources and capabilities of a single firm leads to the wide adoption of ecosystemic approach towards value creation. At the same time, internal mechanisms of innovation ecosystem remain unexplored. By conducting multiple case study in Russian electric power sector, we reveal existing models of innovation ecosystems and perform an in-depth analysis of their internal mechanisms with the particular emphasis on coordination mechanisms, goals of participating actors and access to common resources and capabilities. Obtained results provide an important empirical evidence upon existing peculiarities of innovation ecosystem concept and may serve as a basis for further theorization of the concept.