Light the way for smart cities: Lessons from Philips Lighting

Smart cities are one of the dominant manifestations of digitization with a multimillion dollar potential, where cities and companies alike are looking for ways to create and capture value. Technology-driven companies are key to making smart cities a reality, but their current product-centric business models do not meet the changing needs anymore. Based on an in-depth study at Philips Lighting of four smart city cases across a period of five years, this article illustrates four distinct business models that enable incumbent organizations to enter this smart city market. The authors develop and contrast the four types of business models on individual and joint value creation and value capture dimensions and show how each business model can be of value to an incumbent, depending on the project and ecosystem. They illustrate these business models with insights from Philips Lighting's transition from public lighting to smart cities and provide specific implementation suggestions for incumbent companies.

• Record URL:
  • https://doi.org/10.1016/j.techfore.2018.07.021
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0040162517317043
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00401625
• Supplemental Notes:
  • © 2018 Elsevier Inc. All rights reserved. Abstract reprinted with permission of Elsevier.
• Authors:
  • Brock, Kati
  • 0000-0001-5455-0428
  • den Ouden, Elke
  • van der Klauw, Kees
  • Podoynitsyna, Ksenia
  • Langerak, Fred
• Publication Date: 2019-5

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 194-209
• Serial:
  • Technological Forecasting and Social Change
  • Volume: 142
  • Issue Number: 0
  • Publisher: Elsevier Science Publishing Company, Incorporated
  • ISSN: 0040-1625
  • Serial URL: http://www.sciencedirect.com/science/journal/00401625

Subject/Index Terms

• TRT Terms: City planning; Innovation; Lighting; Smart growth; Urban areas
• Uncontrolled Terms: Digitization; Smart cities
• Subject Areas: Data and Information Technology; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01680771
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 18 2018 9:34AM