Toward a construct of dynamic capabilities malfunction: Insights from failed Chinese entrepreneurs

This paper explores the processes and mechanisms of business failure in emerging economies. Drawing from the experiences of 50 failed entrepreneurs in China, we developed the concept of dynamic capabilities malfunction (DCM) to explain how business failure can stem from maladaptive, misallocation of attention and internal deficiencies. Our phase model explicates how exogenous and endogenous factors can interplay to contribute to DCM that ultimately led to the business closures. Another unexpected finding was that the failure occurred during the process of business transition. The implications for business failure research in emerging markets are discussed

Developing policies for the end-of-life of energy infrastructure: Coming to terms with the challenges of decommissioning

Energy sector policies have focused historically on the planning, design and construction of energy infrastructures, while typically overlooking the processes required for the management of their end-of-life, and particularly their decommissioning. However, decommissioning of existing and future energy infrastructures is constrained by a plethora of technical, economic, social and environmental challenges that must be understood and addressed if such infrastructures are to make a net-positive contribution over their whole life. Here, we introduce the magnitude and variety of these challenges to raise awareness and stimulate debate on the development of reasonable policies for current and future decommissioning projects. Focusing on power plants, the paper provides the foundations for the interdisciplinary thinking required to deliver an integrated decommissioning policy that incorporates circular economy principles to maximise value throughout the lifecycle of energy infrastructures. We conclude by suggesting new research paths that will promote more sustainable management of energy infrastructures at the end of their life