Industry- and company-level factors influencing the development of the forest energy business — insights from a Delphi Study |
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Authors: | Satu Pätäri [Author Vitae] |
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Institution: | School of Business, Lappeenranta University of Technology, P.O. Box 20, FI-53851 Lappeenranta, Finland |
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Abstract: | The global business environment of today requires industries to be increasingly agile in order to create added value. There is a particularly urgent need to innovate and redefine business models in the mature pulp and paper industry, which is continually announcing mill closures and reporting persistent profitability problems. This paper focuses on the emerging forest energy business, which appears to offer many novel opportunities for both the forest and the energy industry. We conducted a qualitative dissensus-based online Delphi study and carried out themed expert interviews in order to identify the main industry- and company-level factors that are most likely to influence the bioenergy sector, its value-creation potential and forest and energy companies' future roles in it. The Delphi technique proved to be a valuable research tool with which we were able to obtain comprehensive information on a subject that lacks historical and financial data, and yet requires input from many quarters. The results suggest that the complementary resources held by forest and energy companies make collaboration in the bioenergy business favorable. Moreover, the procurement and logistics of forest raw material appear to be key success factors in terms of yielding the most synergetic gains. Uncertainty about policy interventions nevertheless causes concern given their relatively rapid effect on the prospects of the bioenergy business. |
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Keywords: | Bioenergy Critical factors Competitive advantage Delphi study Energy industry Forest industry |
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