Resource title

Strategic Innovation and Technology Adoption in an Evolving Industry

Resource image

image for OpenScout resource :: Strategic Innovation and Technology Adoption in an Evolving Industry

Resource description

We introduce a racing model with multiple product generations, product innovation, spin-outs, and licensing. Industry conditions and innovation characteristics affect who wins the race and who markets the resulting product. Small firms market their innovations when they pioneer a new generation or improve quality in a young generation and license their innovations in mature generations. If old generation leaders ever market improvements in young generation goods, they do so early on. Leadership in mature generations persists. Tests on the rigid disk drive industry (1977-97) provide empirical support. The results have implications for antitrust policies and policies governing employee non-compete agreements.

Resource author

Darren Filson, Richard T. Gretz

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23383

Resource license

Adapt according to the presented license agreement and reference the original author.