FINAL_jtran.16.00024_offprint.pdf (346.28 kB)
Business models in rail infrastructure: explaining innovation
journal contribution
posted on 2023-06-09, 02:32 authored by Katherine LovellKatherine Lovell, Paul NightingalePaul NightingalePolicy decisions about the UK railway industry often draw on models and frameworks that treat technology and organisational processes as static and unchanging. As a result, policy makers often have limited understanding of how changes in policy will influence organisational knowledge, learning and the allocation of risk that subsequently affects innovation and system development. This paper applies a business model lens, focused on the mechanisms firms use to create and capture value, to connect policy decisions to subsequent changes in the organisation and industrial structure of the UK railway sector. By analysing innovation-related activity across several different governance structures, the paper highlights how policy impacts in network-based infrastructure sectors are mediated by business strategy, sometimes leading to unintended outcomes. The findings suggest that policy to improve the performance should focus upon coordination rather than just ownership. The application of a business model approach to complement existing economic and policy models in system analysis for policy decisions is advocated.
History
Publication status
- Published
File Version
- Accepted version
Journal
Proceedings of the Institution of Civil Engineers - Transport; RRUKA Annual Conference; London, UK; 5 November 2015ISSN
0965-092XPublisher
Thomas Telford (ICE Publishing)External DOI
Issue
5Volume
169Page range
262-271Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2016-08-16First Open Access (FOA) Date
2017-08-12First Compliant Deposit (FCD) Date
2016-08-15Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC