Unraveling the process of creative destruction: complementary assets and incumbent survival in the typesetter industry

Article Abstract:

A study examined the survivability of incumbent firms when revolutionary technological innovations invade their industry. This research focused on the impact of the three factors affecting the performance of incumbent and new companies in the typesetting industry: investment in new technology research, technical capabilities and capacity to exploit technological innovations using specialized complementary assets. Findings revealed that investment in developing new technology did not explain incumbent failure. However, although incumbent companies made investments, the technical performance of the products they produced were no match to the highly advanced products developed by fresh entrants. Despite their inferior products, however, incumbents were defeated by new entrants in only one of three generations of technological change in the industry. Their complementary assets proved to be their saving grace.

Typesetting, Prepress Services, Research, Competition (Economics), Technological innovations, New business enterprises, Startups

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Strategy making in novel and complex worlds: The power of analogy

Article Abstract:

The way in which firms discover effective competitive positions in world that are both novel and complex is examined. Analogical reasoning might be helpful, allowing managers to transfer useful wisdom from similar settings they have experienced in the past.

Analysis, Strategic planning (Business), Analogy

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Capabilities, cognition, and inertia: evidence from digital imaging

Article Abstract:

The management and product development changes that were exhibited by Polaroid during the evolution from analog to digital imaging are discussed.

United States, Photographic equipment and supplies, Photographic and Photocopying Equipment Manufacturing, Photographic Equip & Supplies, Management, Case studies, Organizational change, Photographic industry, Polaroid Corp., PRD

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