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Long-Term Development Mechanisms Under Uncertainty

In: Mechanisms for Long-Term Innovation

Author

Listed:
  • Masatoshi Fujiwara

    (Hitotsubashi University)

  • Yaichi Aoshima

    (Hitotsubashi University)

Abstract

In this chapter, based on the results of the analysis in the previous chapters, we present a descriptive model to conceptually understand the process of long-term continuation of new technology and new business development under four uncertainties. The chapter develops an explanation that the four factors, government policy support, emergence of breakthrough technologies, initial markets, and company-specific rationales, acted in a complementary manner to each other to enable the continuation of the development of new technologies and new business fields that could not be actualized with a simple profit motive. We develop an explanation of how this has been achieved.

Suggested Citation

  • Masatoshi Fujiwara & Yaichi Aoshima, 2022. "Long-Term Development Mechanisms Under Uncertainty," Advances in Japanese Business and Economics, in: Mechanisms for Long-Term Innovation, chapter 0, pages 283-307, Springer.
    • Handle: RePEc:spr:advchp:978-981-19-4896-1_14
    DOI: 10.1007/978-981-19-4896-1_14
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