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Author:Lawless, M. W.
Anderson, P. C.
Title:Generational technological change: Effects of innovation and local rivalry on performance
Journal:Academy of Management Journal
1996 : OCT, VOL. 39:5, p. 1185-1217
Index terms:INNOVATION
TECHNOLOGICAL CHANGE
COMPANIES
Language:eng
Abstract:In this article the effects of innovation and market complexity on firm performance is tested. Generational technological change fosters the emergence of niches and local rivalry. Accelerated markets reward innovativeness that differentiates firms within a niche but not across the niches. Strong performers can adopt new technology quickly without changing niches. Generational technological change occurs when big advances are made within a technology regime. This drives the evolution of a complex market structure. Firms have many opportunities to specialize or to become different kind of generalists.
SCIMA record nr: 159069
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