from Adner2002 Background information provided by Adner2002
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The idea was that existing firms would be replaced by new entrants with better technology, and older firms that were no longer able to learn new things would be eradicated - S-shape development of technology Foster1986
- technology trajectories Dosi1982
- punctuated equibria Tushman&Anderson1986
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However, it was shown that there are cases of market capture by products with inferior performance
- disruptive technology Christensen1997 # disruptive innovation
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The phenomenon of disruptive technology is well known, but the mechanisms behind it are not yet clear.
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This paper focuses on the structure of demand
- preference overlap
- preference symmetry
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Shows a formal model so you can see what happens under different experimental conditions
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Computer simulation
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Tend to focus on supply-side interactions when discussing technology competition
- Saturation of conventional technology Foster1986 Utterback&Abernathy1975.
- Avoid cannibalizing existing products Kamien&Schwartz1982.
- Organizational inertia Hannan&Freeman1977 Tushman&Romanelli1985.
- Lack of ability to acquire new technologies Henderson&Clerk1990 Leonard-Barton1992.
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But even without assuming those situations, technological transitions occur.
- Existing technology has no limits Christensen1992 etc.
- New technology does not necessarily produce higher performance Christensen1997 etc.
- Existing firms are not incapable of learning new technologies Bower& Christensen1995.
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Suggests that something is being overlooked.
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