- The Oxford Handbook of Entrepreneurship
- List of Figures
- List of Tables
- List of Editors and Contributors
- Theories of Entrepreneurship: Historical Development and Critical Assessment
- Entrepreneurship: An Evolutionary Perspective
- Cognitive Aspects of Entrepreneurship: Decision-Making and Attitudes to Risk
- Entrepreneurship and Marketing
- Historical Biographies of Entrepreneurs
- Determinants of Small firm survival and growth
- Start-ups and Entry Barriers: Small and Medium-Sized Firms Population Dynamics
- Definitions, Diversity and Development: Key Debates in Family Business Research
- Evaluating SME Policies and Programmes: Technical and Political Dimensions
- Entrepreneurship, Growth and Restructuring
- Innovation in Large Firms
- Entrepreneurship, Technology and Schumpeterian Innovation: Entrants and Incumbents
- Venture Capital
- Corporate Venture Capital: Past Evidence and Future Directions
- Entrepreneurship, Self-employment and the Labour Market
- Habitual Entrepreneurs
- Entrepreneurship and Management Buy-outs
- The Social Dimensions of Entrepreneurship
- Institutional Obstacles to Entrepreneurship
- Ethnic Minority Entrepreneurship
- Migration of Entrepreneurs
- Women Entrepreneurs: A Research Overview
- Enterprise Culture
- Regional Development: Clusters and Districts
- International Expansion: Foreign Direct Investment by Small- and Medium-Sized Enterprises
- Entrepreneurship in Transition Economies
Abstract and Keywords
This article reviews the literature on the (lack of) innovativeness of incumbents both in creating new products and entering new markets. It then presents some non-anecdotal evidence as counter-argument to the alleged curse of incumbency. First, it uses as illustration a cross-sectional study by Chandy and Tellis of a large number of radical product innovations. Secondly, it explores to what extent the story of incumbents' inability to enter new markets matches the history of the computer rigid hard drive industry. This industry is particularly suited to this analysis since its technological generational changes have been described by scholars as ‘radical’ and ‘disruptive,’ and because its history served to inspire Christensen's recent theories.
Luca Berchicci is a post-doctoral researcher in management of technology at the Chair of Corporate Strategy and Innovation at the École Polytechnique Fédérale de Lausanne (EPFL). He obtained his Master's degree in Geology at the University of Urbino (Italy) in 1997. In October 2005, he received his PhD in innovation management at the Faculty of Industrial Design Engineering of Delft University of Technology. During his PhD, he carried out practical market-studies, among others for Nike Europe and TNO Industry Research Center. His general research interest is in the area of innovation processes within existing and new organizations and how firms cope with the uncertainties of the innovation process. He is also interested in the effects of new technologies at both industry and firm level.
Christopher L. Tucci is Associate Professor of Management of Technology at the École Polytechnique Fédérale de Lausanne (EPFL), where he holds the Chair in Corporate Strategy & Innovation. Prior to joining EPFL, he was on the faculty of the NYU Stern School of Business. He is interested in technological change and how waves of technological changes affect incumbent firms. For example, he is studying how the technological changes brought about by the popularization of the Internet affect firms in different industries. He has published articles in Management Science, Strategic Management Journal, Research Policy, IEEE Transactions on Engineering Management, Journal of Engineering and Technology Management, and Journal of Product Innovation Management. In 2003, he was elected to the leadership track for the Technology & Innovation Management Division of the Academy of Management.
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