This article provides a theoretical framework on mechanisms driv- ing competitive dynamics stimulated by pioneers in new technologies. The issues of competitive dynamics analyzed are the speed and the number of competitors’ reactions and the specific counteractions un- dertaken against pioneer’s innovation. The framework is based on the idea that archetypes of competitive dynamics, in terms of the speed and the number of competitors’ reac- tions, are specified as interaction between a bundle of stimulus mech- anisms and response mechanisms. Besides, trajectories of this compe- tition, in terms of the specific competitors’ counteraction undertaken against pioneer’s innovation, are explained by the interaction between a bundle of attracting mechanisms and deterring mechanisms. The theoretical bases of the analysis come from the literature on pioneer’s market advantages and inter-firm rivalry. The joint consid- eration of these two complementary research streams enables explain- ing the evolution of competition between the pioneer and its competi- tors. To illustrate situations that arise from this competition a series of examples are considered.
A theoretical framework on competitive dynamics stimulated by pioneers in new technologies
GARRAFFO, Francesco
2012-01-01
Abstract
This article provides a theoretical framework on mechanisms driv- ing competitive dynamics stimulated by pioneers in new technologies. The issues of competitive dynamics analyzed are the speed and the number of competitors’ reactions and the specific counteractions un- dertaken against pioneer’s innovation. The framework is based on the idea that archetypes of competitive dynamics, in terms of the speed and the number of competitors’ reac- tions, are specified as interaction between a bundle of stimulus mech- anisms and response mechanisms. Besides, trajectories of this compe- tition, in terms of the specific competitors’ counteraction undertaken against pioneer’s innovation, are explained by the interaction between a bundle of attracting mechanisms and deterring mechanisms. The theoretical bases of the analysis come from the literature on pioneer’s market advantages and inter-firm rivalry. The joint consid- eration of these two complementary research streams enables explain- ing the evolution of competition between the pioneer and its competi- tors. To illustrate situations that arise from this competition a series of examples are considered.File | Dimensione | Formato | |
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