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The Performance of Incumbent Firms in the Face of Radical Technological Innovation

Charles W. L. Hill and Frank T. Rothaermel
The Academy of Management Review
Vol. 28, No. 2 (Apr., 2003), pp. 257-274
Published by: Academy of Management
Stable URL: http://www.jstor.org/stable/30040712
Page Count: 18
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Performance of Incumbent Firms in the Face of Radical Technological Innovation
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Abstract

A persistent theme in the academic literature on technological innovation is that incumbent enterprises have great difficulty crossing the abyss created by a radical technological innovation and, thus, go into decline, while new entrants rise to market dominance by exploiting the new technology. However, this tendency is not universal. There are outliers in any population, and much can be learned from examining this group. Here we identify a number of factors that help to explain incumbent performance in markets shaken by a radical technological innovation.

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