The performance of incumbent firms in the face of radical technological innovation

• 成果类型: Article
• 署名作者: Hill, CWL; Rothaermel, FT
• 署名单位: University of Washington; University of Washington Seattle; Michigan State University
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• 发表日期: 2003
• 页码: 257-274
• 关键词: COMPLEMENTARY ASSETS; UNCERTAIN INNOVATION; capabilities; persistence; inertia; responses; success; MODEL

摘要

A persistent theme in the academic literature on technological innovation is that incumbent enterprises have great difficulty crossing the abyss created by a radical technological innovation and, thus, go into decline, while new entrants rise to market dominance by exploiting the new technology. However, this tendency is not universal. There are outliers in any population, and much can be learned from examining this group. Here we identify a number of factors that help to explain incumbent performance in markets shaken by a radical technological innovation.