Innovation & Immitation Flashcards
1
Q
Large incumbents need to erly on small firms to innovate
A
Markides & Geroski (2004)
- Radical & Strategic change
- Publisher analogy
- Innovation is a waste of resources
2
Q
Blue Oceans
A
Kim & Mauborgne (2005)
- Blue oceans are when firms take advantage of existing technologies in order to create new markets
- Cirque Du Soleil example
3
Q
Trade-off between differentiation and legitimacy
A
Deephouse (2000)
- Inverse U between the payoffs of differentiating, which will give a product legitimacy, and differentiation, which will
- Differentiation will help determine a points of difference that classify a product as superior.
4
Q
Parameters that can be used to define innovative success
A
Buisson & Siblerzahn (2010)
Breakthroughs in the following will define innovative success
1) Technological
2) Business Model
3) Design
4) Process
5
Q
Innovation STRATEGY
A
Winter (2000)
- Innovation Strategy is more important that innovation itself, as it will help determine who can capture the rents.
6
Q
VHS & Betamax
A
Cusumano et al. (1992)
- VHS launched a year later, but ended up winning due to superior distribution, manufacturing and clever marketing.
- By 1984, VHS had outsold Betamax 4:1
7
Q
Patents
A
Levin et al. (1987)
- Patents are an important way of appropriating intellectual property rights, which serve to appropriate revenue.
8
Q
Patent’s are only a ‘weak protection’
A
Leiberman & Montgomery
9
Q
Complementary assets
A
Teece (1986)
- Complementary assets fundamentally determines who wins/loses out form innovation.
10
Q
Technological lock-in
A
Arthur (1989)
- Different technologies will compete for a market of potential adopters , then when the market has matured there will be a technological lock in.
11
Q
Dominant Design
A
Shapiro & Varian
12
Q
Pneumonic
A
Since All Winter Months Bring Trouble, Can’t Kim Lick Lick Dick
