Innovation and market structure
3 important questions on Innovation and market structure
Absorptive capacity of the firm
the exploitation of synergies (interaction actor which more than doubles outcome) depends on inter-divisional communication about diverse experience. Also interface with external environment.
Tushman and Anderson’s two sort of innovations: Competence-destroying
mastering the new technology requires fundamentally different competencies from the firm’s existing competencies. Initiated by new firms. Expected to have clear economic implication, greater market turbulence and in long-run great changes to industry structure.
Tushman and Anderson's two sort of innovations: Competence-preserving
using existing technological competencies. Initiated by existing firms. Can represent order of magnitude, but key is that they do not obsolete skills of previous generation of technology.
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