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Contributions and Future Research

In: Mechanisms for Long-Term Innovation

Author

Listed:
  • Masatoshi Fujiwara

    (Hitotsubashi University)

  • Yaichi Aoshima

    (Hitotsubashi University)

Abstract

In this chapter, we identify the contributions and implications of the book and then construct arguments for future research. One of the arguments concerns the contradiction between industry development and company profitability. Groundbreaking breakthroughs that led to the emergence of dominant designs, the convergence of technological approaches in the industry, and the creation of de facto standards for element shapes have certainly contributed to industrial development. However, they also led to fierce competition for homogeneity, which squeezed the profitability of companies. The question of how the balance between the convergence and standardization of technological approaches and the profitability of individual firms affects industrial development is beyond the scope of this book, but it is an important theme. In addition, the role of the commercial market as an experimentation ground and the possibility that the specific reasons justifying development within a company influence the direction of technological development are also presented as a possible future research theme.

Suggested Citation

  • Masatoshi Fujiwara & Yaichi Aoshima, 2022. "Contributions and Future Research," Advances in Japanese Business and Economics, in: Mechanisms for Long-Term Innovation, chapter 0, pages 309-331, Springer.
    • Handle: RePEc:spr:advchp:978-981-19-4896-1_15
    DOI: 10.1007/978-981-19-4896-1_15
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