Implementation of a balanced scorecard for hybrid business models: An application for citizen renewable energy companies in Germany

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors


Purpose
This paper aims to introduce strategic management tools for companies with hybrid business models, for example, those with citizen participation. These models are often used of citizen renewable energy companies that have become a main pillar of the energy sector in Germany in recent years. The strategic management tools proposed here could help to achieve most of their objectives.

Design/methodology/approach
In the first step, a definition of hybrid businesses is derived by literature review, and the importance of strategic management in companies with citizen participation is discussed. In the next step, a new construct of a balanced scorecard (BSC) model is applied to citizen renewable energy companies by using survey data and previous studies.

Findings
Companies with citizen participation differ from profit-seeking companies and nonprofit organizations, and they are described by new hybrid business models. This study shows with a modification of the BSC that social or environmental aims are as important as financial ones to companies with citizen participation, which follow a double bottom line approach.

Practical implications
Hybrid businesses are important for the German energy sector, and strategic management tools are needed for their continued success and competitiveness. This paper can be a starting point for the management who want to implement these tools.

Originality/value
The paper addresses a gap in the strategic management literature on companies with citizen participation. The tools developed here can be modified for other hybrid businesses.
Translated title of the contributionImplementierung einer Balanced Scorecard für hybride Geschäftsmodelle: Eine Anwendung auf Bürgerenergiegesellschaften in Deutschland
Original languageEnglish
JournalInternational Journal of Energy Sector Management
Volume11
Issue number3
Pages (from-to)426-443
Number of pages18
ISSN1750-6220
DOIs
Publication statusPublished - 18.09.2017

Recently viewed

Publications

  1. New descriptions and typifications of syntaxa within the project 'Plant communities of Mecklenburg-Vorpommern and their vulnerability' - Part II
  2. Citizen relationship management
  3. The sociologial discourse on "modernization" and "modernity"
  4. Recontextualizing context
  5. Friction riveting of 3D printed polyamide 6 with AA 6056-T6
  6. Introduction: Converging the Yet-Separate Theoretical Discourses of Testimony Studies
  7. CAN BUSINESS MODEL COMPONENTS EXPLAIN DIGITAL START-UP SUCCESS?
  8. Valorization of industrial waste and by-product streams via fermentation for the production of chemicals and biopolymers
  9. Effects of pesticides on community structure and ecosystem functions in agricultural streams of three biogeographical regions in Europe
  10. Das Simulationsexperiment
  11. Social Bots as algorithmic pirates and messengers of techno-environmental agency
  12. The Break In and With History
  13. Information rigidities, inflation perceptions, and the media
  14. Äpfel mit Birnen vergleichen
  15. Diversity and spatio-temporal dynamics of dead wood in a temperate near-natural beech forest (Fagus sylvatica)
  16. Internet- and mobile-based stress management for employees with adherence-focused guidance
  17. Pragmatics and the English Language, Jonathan Culpeper, Michael Haugh. Palgrave Macmillan, Basingstoke (2014), 316 pp., ISBN: 9780230551732
  18. Joint proceedings of RSP 2017 and QuWeDa 2017
  19. Anti-Fascist Exile, Political Print Media, and the Variable Tactics of the Communists in Mexico (1939–1946)
  20. Nutrient leaching in dry heathland ecosystems
  21. Utilization of organic residues using heterotrophic microalgae and insects
  22. National ecosystem restoration pledges are mismatched with social-ecological enabling conditions
  23. Examiner experience moderates reliability of human lower extremity muscle ultrasound measurement – a double blinded measurement error study
  24. IWRM through WFD implementation? Drivers for integration in polycentric water governance systems
  25. Organisation
  26. Soziale und kulturelle Differenz
  27. Exploring Difficult History Lessons, Identity Construction, the Artistic Expansion of Sitcom Storytelling Tools in the Black-ish Episode, "Juneteenth"
  28. One for all, all for one
  29. Is Endurantism really more plausible than Perdurantism form a commonsense perspective?
  30. Assessing Collaborative Conservation