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Full-Text Articles in Business
The Effect Of Technology And Regulation On The Co-Evolution Of Product And Industry Architecture, Nicholas Burton, Peter Galvin
The Effect Of Technology And Regulation On The Co-Evolution Of Product And Industry Architecture, Nicholas Burton, Peter Galvin
Research outputs 2022 to 2026
This paper explores the co-evolution of product and industry architecture by drawing on a longitudinal study of the UK personal pensions industry between 2005 and 2020. It provides qualitative evidence for the way in which institutional structures, particularly regulation, entwine with firm strategic choices to shape the contours of an industry value chain (IVC). We draw upon modularity theory and the literature on industry architecture to consider how strategic bottlenecks emerged and how value shifted between layers of the IVC. Furthermore, we examine the interplay between the agendas of the regulator and firm strategic responses to unpack how firms (product …
Modularity, Value And Exceptions To The Mirroring Hypothesis, Nicholas Burton, Peter Galvin
Modularity, Value And Exceptions To The Mirroring Hypothesis, Nicholas Burton, Peter Galvin
Research outputs 2022 to 2026
The mirroring hypothesis suggests a correspondence between product, firm and industry architecture, however, empirical support to date has been mixed. Drawing upon an inductive study of the UK pensions industry, we break new ground by investigating the extent to which product, firm and industry architectures correspond in the face of changing institutional dynamics – most notably dynamic regulatory change. In considering periods of both correspondence and non-correspondence at the aggregate sector level, our results show that firms in the sector seek the efficiency benefits of product component-level mirroring, but only to the extent that the component has low value. In …