New industrial dynamics are disrupting the space sector. New stakeholders bringing in capital, technologies, and knowledge from other industries are developing next-generation space infrastructures and services. Both commercial and institutional space projects have to be valuable for a wider set of end-users, asking not only for economic returns but also social and environmental benefits. Space organizations urge understanding and fostering value in the New Space Economy ecosystem. Indeed, end-users are still struggling to enact the expected value of satellite data and solutions for their business. This paper aims to investigate the expected value and the level of adoption (enacted value) of satellite data and satellite-based solutions in the New Space Economy ecosystem from end-users’ perspective. We interviewed 21 managers from end-user organizations in different sectors (i.e., Insurance & Finance, Energy & Utility, Transportation & Logistics). Value is deeply discussed in general management literature, and we identify Value Theory as the theoretical lens with the most explanatory power for the phenomenon under examination. From the end-users’ perspective, we frame the expected value and the enacted value in taking strategic and tactical decisions regarding their activities, services and products, laying the foundations for further studies of value mechanisms in the New Space ecosystem. Our research set a theoretical and conceptual foundation on value in the New Space ecosystem. It also delineates the blurred boundaries of the New Space ecosystem, the main stakeholders involved, and their perception of value. Insights and implications for strategic and innovation management are also provided. Practitioners may exploit our research results and leverage the end-users-oriented framework to develop next-generation space projects in the New Space ecosystem. We also discuss the limitations and further developments of this research.
What is value in the New Space Economy? The end-users’ perspective on satellite data and solutions
Paravano A.;Locatelli G.;Trucco P.
2023-01-01
Abstract
New industrial dynamics are disrupting the space sector. New stakeholders bringing in capital, technologies, and knowledge from other industries are developing next-generation space infrastructures and services. Both commercial and institutional space projects have to be valuable for a wider set of end-users, asking not only for economic returns but also social and environmental benefits. Space organizations urge understanding and fostering value in the New Space Economy ecosystem. Indeed, end-users are still struggling to enact the expected value of satellite data and solutions for their business. This paper aims to investigate the expected value and the level of adoption (enacted value) of satellite data and satellite-based solutions in the New Space Economy ecosystem from end-users’ perspective. We interviewed 21 managers from end-user organizations in different sectors (i.e., Insurance & Finance, Energy & Utility, Transportation & Logistics). Value is deeply discussed in general management literature, and we identify Value Theory as the theoretical lens with the most explanatory power for the phenomenon under examination. From the end-users’ perspective, we frame the expected value and the enacted value in taking strategic and tactical decisions regarding their activities, services and products, laying the foundations for further studies of value mechanisms in the New Space ecosystem. Our research set a theoretical and conceptual foundation on value in the New Space ecosystem. It also delineates the blurred boundaries of the New Space ecosystem, the main stakeholders involved, and their perception of value. Insights and implications for strategic and innovation management are also provided. Practitioners may exploit our research results and leverage the end-users-oriented framework to develop next-generation space projects in the New Space ecosystem. We also discuss the limitations and further developments of this research.| File | Dimensione | Formato | |
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What is value in the New Space Economy.pdf
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