Bug or feature? Institutional misalignments between construction technology and venture capital
Open access
Date
2024Type
- Journal Article
ETH Bibliography
yes
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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. Show more
Permanent link
https://doi.org/10.3929/ethz-b-000694861Publication status
publishedExternal links
Journal / series
Construction Management and EconomicsPublisher
RoutledgeSubject
Institutional logic; Entrepreneurship; AEC; Construction robotics; New practiceOrganisational unit
02284 - NFS Digitale Fabrikation / NCCR Digital Fabrication09624 - Hall, Daniel M. (ehemalig) / Hall, Daniel M. (former)
Funding
205604 - NCCR Digital Fabrication: Innovative Building Processes in Architecture (phase III) (SNF)
Related publications and datasets
Continues: https://doi.org/10.3929/ethz-b-000631917
Is referenced by: http://hdl.handle.net/20.500.11850/704067
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ETH Bibliography
yes
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