PRODUCT MODULARITY INFLUENCES TO FIRM PERFORMANCE: EVIDENCE FROM BIOENERGY TECHNOLOGY
AbstractClimate change and scarcity of primary energy are becoming serious concerns. Distributed biofueled combined heat and power production could offer a qualified solution. The objective of this paper is to analyze Finnish heating plant manufacturers capable of supplying power generation units; in particular, how product modularity affects their financial performance and collaboration. The primary information for the evaluation is based on an analysis of major industry players and on key expert interviews. The results reveal two clusters of manufacturers: modularity users and customizers. Modularity exploitation activity influenced firms' financial performance and collaboration.