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Arrested development: the experience of European hard disk drive firms in comparison with US and Japanese firms

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  • Henry Chesbrough

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    (Graduate School of Business Administration, Harvard University, Soldiers Field Road, Morgan Hall T61, Boston, 02163, USA)

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    Abstract

    This paper analyses how US, Japanese, and European HDD firms responded to technological shifts in the hard disk industry from 1973 through 1996. Leading incumbent US HDD firms were frequently forced out of the market. Leading Japanese incumbent firms in the same industry, however, were not displaced by these changes. US startup firms thrived under these technological shifts, displacing US incumbent firms. Japanese startups did poorly. European firms encountered the worst of both worlds: its incumbent firms were frequently displaced by technological changes, as were US firms; while startup firms (with one exception) performed as poorly as those in Japan.

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    Bibliographic Info

    Article provided by Springer in its journal Journal of Evolutionary Economics.

    Volume (Year): 9 (1999)
    Issue (Month): 3 ()
    Pages: 287-329

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    Handle: RePEc:spr:joevec:v:9:y:1999:i:3:p:287-329

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    Web page: http://link.springer.de/link/service/journals/00191/index.htm

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    Related research

    Keywords: Comparative industry evolution ; Technological evolution ; Institutional economics;

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    Cited by:
    1. Murmann, Johann Peter & Frenken, Koen, 2006. "Toward a systematic framework for research on dominant designs, technological innovations, and industrial change," Research Policy, Elsevier, vol. 35(7), pages 925-952, September.
    2. Chesbrough, Henry W., 2003. "Environmental influences upon firm entry into new sub-markets: Evidence from the worldwide hard disk drive industry conditionally," Research Policy, Elsevier, vol. 32(4), pages 659-678, April.
    3. Emmanuel Duguet & Stéphanie Monjon, 2004. "Is innovation persistent at the firm Level . An econometric examination comparing the propensity score and regression methods," Cahiers de la Maison des Sciences Economiques v04075, Université Panthéon-Sorbonne (Paris 1).
    4. Ansari, Shahzad (Shaz) & Krop, Pieter, 2012. "Incumbent performance in the face of a radical innovation: Towards a framework for incumbent challenger dynamics," Research Policy, Elsevier, vol. 41(8), pages 1357-1374.
    5. Agarwal, Rajshree & Echambadi, Raj & Franco, April M. & Sarkar, M. B., 2002. "Knowledge Transfer through Congenital Learning: Spin-Out Generation, Growth and Survival," Working Papers 02-0101, University of Illinois at Urbana-Champaign, College of Business.

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