Dynamic Commercialization Strategies for Disruptive Technologies: Evidence From the Speech Recognition Industry
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Management Papers
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technology commercialization strategy
disruptive innovation
Management Sciences and Quantitative Methods
disruptive innovation
Management Sciences and Quantitative Methods
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Marx, Matt
Gans, Joshua S
Hsu, David H
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Abstract
When start-up innovation involves a potentially disruptive technology—initially lagging in the predominant performance metric, but with a potentially favorable trajectory of improvement—incumbents may be wary of engaging in cooperative commercialization with the start-up. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively) competitive commercialization and the eventual replacement of incumbents, we consider a dynamic strategy involving product market entry before switching to a cooperative commercialization strategy. Empirical evidence from the automated speech recognition industry from 1952 to 2010 confirms our main hypothesis.
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2014-12-01
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Management Science