Bug or feature? Institutional misalignments between construction technology and venture capital
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Author (Corporation)
Publication date
18.09.2024
Typ of student thesis
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Collections
Type
01A - Journal article
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Parent work
Construction Management and Economics
Special issue
DOI of the original publication
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Series
Series number
Volume
43
Issue / Number
2
Pages / Duration
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Publisher / Publishing institution
Routledge
Place of publication / Event location
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Abstract
Despite substantial investments into new technologies, the adoption of systemic innovations such as construction robotics remains limited. Therefore, this study investigates the discrepancy between the assumed advantages of construction technologies and their actual performance during practical implementation, using construction robotics as the empirical case. Through an abductive thematic analysis of 127 interviews across Europe and North America, we identify six enablers of institutional misalignment: cognitive frame differences, divergent time horizons, conflicting market strategies, product versus revenue focus, varying risk tolerances, and information asymmetry. These misalignments between startup founders’ technological logic and investors’ economic logic constrain adoption, emphasizing the influence of institutional dynamics over technological feasibility. Our findings suggest these challenges are not unique to construction robotics but may extend to other emerging construction technologies. This highlights the critical need for aligning institutional logics to fully harness the potential of innovation in construction.
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ISBN
ISSN
0144-6193
1466-433X
1466-433X
Language
English
Created during FHNW affiliation
No
Strategic action fields FHNW
New Work
Publication status
Published
Review
Peer review of the complete publication
Open access category
Hybrid
License
Citation
Walzer, A., Tan, T., Graser, K., & Hall, D. M. (2024). Bug or feature? Institutional misalignments between construction technology and venture capital. Construction Management and Economics, 43(2). https://doi.org/10.1080/01446193.2024.2401818