Exploring dynamic capabilities in open business models: The case of a public–private sector partnership. (May 2021)

• Record Type: Journal Article
• Authors: Coombes, Philip H; Nicholson, John
• Is Part Of: International journal of entrepreneurship and innovation. Volume 22:Number 2(2021)
• Page Start: 124
• Page End: 131
• Publication Date: 2021-05
• Subjects: boundary-spanners -- dynamic capabilities -- entrepreneur -- open business model -- public–private sector partnership -- value co-creation; Entrepreneurship -- Periodicals; Business -- Periodicals; Entrepreneurship; Business; Periodicals; 338.0405
• DOI: 10.1177/1465750320915858
• Languages: English
• ISSNs: 1465-7503

Abstract

The case explores and offers insight into the boundary-spanning dynamic capabilities evidenced by the entrepreneurial CEO of a private-sector family-owned firm from the sensing, seizing and transforming/reconfiguring perspectives during the opportunity identification, evaluation and pursuit of the co-creation of a public–private sector partnership in collaboration with the CEO of a public-sector firm. This partnership, which is situated in a city-region in the North of England, is seen through the lens of an open business model whereby value is co-created and captured outside the boundary of a single firm, and which involves significant financial uncertainty being assigned from the public to the private sector.