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High-definition televisions should, by now, be a huge success. Philips, Sony, and Thompson invested billions of dollars to develop TV sets with astonishing picture quality. From a technology perspective, they've succeeded: Console manufacturers have been ready for the mass market since the early 1990s. Yet the category has been an unmitigated failure, not(More)
By identifying the possibility that technologies with inferior performance can displace established incumbents, the notion of disruptive technologies, pioneered by Christensen (1997), has had a profound effect on the way in which scholars and managers approach technology competition. While the phenomenon of disruptive technologies has been well documented,(More)
The success of an innovating firm often depends on the efforts of other innovators in its environment. How do the challenges faced by external innovators affect the focal firm’s outcomes? To address this question we first characterize the external environment according to the structure of interdependence. We follow the flow of inputs and outputs in the(More)
Why do some new technologies emerge and immediately supplant incumbent technologies while others take years or decades to takeoff? We explore this question through a framework that weighs the emergence challenges that need to be overcome by a new technology against the extension opportunities that are available to the old technology. We consider both the(More)
Platforms have evolved beyond just being organized as multi-sided markets with complementors selling to users. Complementors are often unpaid, working outside of a price system and driven by heterogeneous sources of motivation—which should affect how they respond to platform growth. Does reliance on network effects and strategies to attract large numbers of(More)
We adapt formal models of competition with differentiated products to address the evolution of market boundaries, resource rents, and competitive positions. Our model captures the central strategy insight that competitive interactions are governed by superior value creation and competitive advantage. More importantly, it shows how the interplay between(More)
We examine the extent to which two sources of policy uncertainty influence foreign-owned subsidiary exit rates. We find that prior peer exits and a firm’s own experience under the current political regime both have a strong influence on subsidiary exit rates, particularly in the presence of policy uncertainty resulting from the existing structure of a host(More)
We study compatibility decisions of competing platforms when they generate profits through both hardware sales and royalties from content sales. We show that when the two platforms provide different values to their users, their major sources of profits may differ—one platform may generate most of its profits from hardware sales, while the other’s profits(More)