The role of social entrepreneurship in leveraging exaptation in locked-in industrial districts : the case of Idrogenet in the industrial district of Lumezzane

The objective of this paper is to investigate the role of social entrepreneurship as driver of exaptation. Exaptation is defined as the redeployment of an existing body of knowledge into a new and previously unrelated domain of application and as major source of disruptive innovation and firms' dynamic capabilities. Exaptation takes place in two phases. In the first phase, the accumulation of knowledge takes place without any anticipation of its future use. In the second phase, the knowledge accumulated is explicitly and consciously leveraged and exploited to build up and take advantage of the opportunity in an emerging market niche. We contribute to extant literature by showing how social entrepreneurship may help firms to discover new potential and innovative field of application for their existing know-how and exploiting it into such a field. Our results are based on a case study of exaptation led by social entrepreneurship in the industrial district of Lumezzane.