Managing the Threat of Disruption Due to Technological Innovation

Funded Research Proposal

This proposal is to fund a first study as part of a longer-term initiative to better understand the threat of disruption from technological innovation. Disruption as a term has come to be used so frequently that it has lost specific meaning. In the larger project, I aim to bring precision to the term and focus on two specific questions. Read More

Uncovering an Incumbency Paradox: Firms with the Greatest Need to Change Face the Greatest Stock Market Pressure to Conform

Working Papers

An emerging strand within the strategic management literature explores how incumbents’ responses in the face of discontinuous industry change are evaluated by stock markets, underscoring how these institutional pressures may constrain incumbents’ adaptation efforts. A general insight offered is that stock markets are less optimistic when incumbents’ strategies are aligned to emerging technologies and business models as compared to existing technologies and models, an effect referred to as the “incumbent discount.”Read More

Watershed Moments, Cognitive Discontinuities, and Entrepreneurial Entry: The Case of New Space

Working Papers

This research aims to study how entrenched and shared mental models held by the dominant players in an industry can change radically within a short period of time, even in the absence of a major technological breakthrough.Read More

Innovation and the Evolution of Industries: History-Friendly Models

Published Research

The disruptive impacts of technological innovation on established industrial structures has been one of the distinguishing features of modern capitalism. In this book, four leading figures in the field of Schumpeterian and evolutionary economic theory draw on decades of research to offer a new, ‘history-friendly’ perspective on the process of creative destruction.Read More

Keeping Steady As She Goes: A Negotiated Order Perspective on Technological Evolution

Published Research

A central idea in the theory of technology cycles is that social and political mechanisms are most important during the selection of a dominant design, and that eras of incremental change are socially uninteresting periods in which innovation is driven by technological momentum and elaboration of the dominant design.Read More

Opening Up but Staying Local: Insights from Partnership Formations between Established and Startup Firms

Working Papers

In this paper, we develop a theoretical framework that considers that firms may be subject to both spatial and temporal myopia when crossing organizational boundaries and have a history of failures and successes in solving R&D problems. We use this framework to clarify how established firms search for and select among emerging partnering opportunities.Read More

Competing Technologies and Industry Evolution: The Benefits of Making Mistakes in the Flat Panel Display Industry

Published Research

This article investigates the post-entry implications of pre-entry technological choices made during the uncertain period before a dominant design. Building on work on technological dynamics and organizational inertia, I argue that too early commitments to the winning technology may impede the ability to bring the best product to market, but delaying investment too long limits the ability to accumulate useful knowledge.Read More

Falling Flat: Failed Investment and Technological Evolution

Published Research

This study theorizes about the behavioral and knowledge creation implications of betting on the losing technology in a competing technology situation and focuses on three main outcomes. First, in a situation with competing technological options, firms that invest initially in the losing technology will be less successful subsequently in building new knowledge.Read More