IDEAS home Printed from https://ideas.repec.org/p/csc/ircrwp/201704.html
   My bibliography  Save this paper

Disruptive technologies and competitive advantage of firms in dynamic markets

Author

Abstract

A fundamental problem in the field of management of technology is how firms develop and sustain disruptive technologies for competitive advantage in markets. The vast literature has analyzed several characteristics of disruptive innovations. However, the determinants are hardly known. The study here seems to show, in a market with high intensity of R&D investments (anticancer drugs), that the emergence of disruptive technologies can be driven by the coevolution of consequential problems and their solution in R&D labs of firms. In general, incumbent and entrant firms have a strong incentive to find innovative solutions to unsolved, consequential and new problems in order to achieve and sustain the prospect of a (temporary) profit monopoly and competitive advantage in markets with technological dynamisms. Overall, then this study shows one of the general sources of disruptive technologies that seems to support industrial and corporate change in a Schumpeterian world of innovation-based competition.

Suggested Citation

  • Mario Coccia, 2017. "Disruptive technologies and competitive advantage of firms in dynamic markets," IRCrES Working Paper 201704, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    • Handle: RePEc:csc:ircrwp:201704
    as

    Download full text from publisher

    File URL: http://www.ircres.cnr.it/images/wp/wp_04_2017_coccia.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mario Coccia & Greta Falavigna & Alessandro Manello, 2015. "The impact of hybrid public and market-oriented financing mechanisms on the scientific portfolio and performances of public research labs: a scientometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 102(1), pages 151-168, January.
    2. Mario Coccia, 2001. "Satisfaction, work involvement and R&D performance," International Journal of Human Resources Development and Management, Inderscience Enterprises Ltd, vol. 1(2/3/4), pages 268-282.
    3. Mary Tripsas & Giovanni Gavetti, 2000. "Capabilities, cognition, and inertia: evidence from digital imaging," Strategic Management Journal, Wiley Blackwell, vol. 21(10‐11), pages 1147-1161, October.
    4. Henderson, Rebecca., 1994. "The evolution of integrative capability : innovation in cardiovascular drug discovery," Working papers 3711-94., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    5. Mario Coccia, 2008. "Investimento pubblico e privato in R&S: complementariet? ed interazione con la crescita della produttivit?," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2008(3), pages 127-154.
    6. Raghu Garud & Arun Kumaraswamy & Peter Karnøe, 2010. "Path Dependence or Path Creation?," Journal of Management Studies, Wiley Blackwell, vol. 47(4), pages 760-774, June.
    7. Coccia, Mario & Wang, Lili, 2015. "Path-breaking directions of nanotechnology-based chemotherapy and molecular cancer therapy," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 155-169.
    8. Srikanth Paruchuri & Micki Eisenman, 2012. "Microfoundations of Firm R&D Capabilities: A Study of Inventor Networks in a Merger," Journal of Management Studies, Wiley Blackwell, vol. 49(8), pages 1509-1535, December.
    9. Mario Coccia & Ugo Finardi & Diego Margon, 2012. "Current trends in nanotechnology research across worldwide geo-economic players," The Journal of Technology Transfer, Springer, vol. 37(5), pages 777-787, October.
    10. Charlene L. Nicholls‐Nixon & Carolyn Y. Woo, 2003. "Technology sourcing and output of established firms in a regime of encompassing technological change," Strategic Management Journal, Wiley Blackwell, vol. 24(7), pages 651-666, July.
    11. Mark Jenkins, 2010. "Technological Discontinuities and Competitive Advantage: A Historical Perspective on Formula 1 Motor Racing 1950–2006," Journal of Management Studies, Wiley Blackwell, vol. 47(5), pages 884-910, July.
    12. Shahzad (Shaz) Ansari & Raghu Garud & Arun Kumaraswamy, 2016. "The disruptor's dilemma: TiVo and the U.S. television ecosystem," Strategic Management Journal, Wiley Blackwell, vol. 37(9), pages 1829-1853, September.
    13. Ryan, James C. & Tipu, Syed A.A., 2013. "Leadership effects on innovation propensity: A two-factor full range leadership model," Journal of Business Research, Elsevier, vol. 66(10), pages 2116-2129.
    14. Coccia, Mario, 2015. "The Nexus between technological performances of countries and incidence of cancers in society," Technology in Society, Elsevier, vol. 42(C), pages 61-70.
    15. Mary Tripsas, 1997. "Unraveling The Process Of Creative Destruction: Complementary Assets And Incumbent Survival In The Typesetter Industry," Strategic Management Journal, Wiley Blackwell, vol. 18(S1), pages 119-142, July.
    16. Mario Coccia, 2008. "Spatial mobility of knowledge transfer and absorptive capacity: analysis and measurement of the impact within the geoeconomic space," The Journal of Technology Transfer, Springer, vol. 33(1), pages 105-122, February.
    17. Cooper, Robert G., 1990. "Stage-gate systems: A new tool for managing new products," Business Horizons, Elsevier, vol. 33(3), pages 44-54.
    18. Tammy L. Madsen & Michael J. Leiblein, 2015. "What Factors Affect the Persistence of an Innovation Advantage?," Journal of Management Studies, Wiley Blackwell, vol. 52(8), pages 1097-1127, December.
    19. Mario Coccia, 2007. "A new taxonomy of country performance and risk based on economic and technological indicators," Journal of Applied Economics, Universidad del CEMA, vol. 10, pages 29-42, May.
    20. Mario Coccia & Emanuele Cadario, 2014. "Organisational (un)learning of public research labs in turbulent context," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 15(2), pages 115-129.
    21. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
    22. Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-1171, September.
    23. Cavallo, Eugenio & Ferrari, Ester & Bollani, Luigi & Coccia, Mario, 2014. "Attitudes and behaviour of adopters of technological innovations in agricultural tractors: A case study in Italian agricultural system," Agricultural Systems, Elsevier, vol. 130(C), pages 44-54.
    24. Coccia, Mario, 2015. "General sources of general purpose technologies in complex societies: Theory of global leadership-driven innovation, warfare and human development," Technology in Society, Elsevier, vol. 42(C), pages 199-226.
    25. Giuseppe Calabrese & Mario Coccia & Secondo Rolfo, 2005. "Strategy and market management of new product development and incremental innovation: evidence from Italian SMEs," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 2(1/2), pages 170-189.
    26. Secondo Rolfo & Mario Coccia, 2005. "L'interazione fra ricerca pubblica e industria in Italia," L'industria, Società editrice il Mulino, issue 4, pages 657-674.
    27. Mark Jenkins, 2010. "Technological Discontinuities and Competitive Advantage: A Historical Perspective on Formula 1 Motor Racing 1950-2006," Journal of Management Studies, Wiley Blackwell, vol. 47(s1), pages 884-910, July.
    28. Monica Cariola, 2004. "Technology transfer virtual network: analysis within the Italian system of innovation," International Journal of Networking and Virtual Organisations, Inderscience Enterprises Ltd, vol. 2(2), pages 162-172.
    29. Mario Coccia, 2009. "A New Approach for Measuring and Analysing Patterns of Regional Economic Growth: Empirical Analysis in Italy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 8(2), pages 71-95.
    30. Coccia, Mario, 2010. "Energy metrics for driving competitiveness of countries: Energy weakness magnitude, GDP per barrel and barrels per capita," Energy Policy, Elsevier, vol. 38(3), pages 1330-1339, March.
    31. Mario Coccia, 2005. "Countrymetrics: valutazione della performance economica e tecnologia dei paesi e posizionamento dell’Italia," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 113(3), pages 377-412.
    32. Mario Coccia, 2008. "New organisational behaviour of public research institutions: lessons learned from Italian case study," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 2(4), pages 402-419.
    33. Coccia, Mario, 2012. "Driving forces of technological change in medicine: Radical innovations induced by side effects and their impact on society and healthcare," Technology in Society, Elsevier, vol. 34(4), pages 271-283.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mario Coccia, 2017. "Measurement of Economic Growth, Development and Under Development: New Model and Application," Papers 1704.05015, arXiv.org.
    2. Mario Coccia, 2017. "General purpose technologies in dynamic systems: visual representation and analyses of complex drivers," IRCrES Working Paper 201705, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    3. Mario Coccia, 2017. "The relation between typologies of executive and technological performances of nations," IRCrES Working Paper 201701, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    4. Mario Coccia, 2017. "Disruptive firms," Papers 1710.06132, arXiv.org.
    5. Coccia, Mario, 2017. "Asymmetric paths of public debts and of general government deficits across countries within and outside the European monetary unification and economic policy of debt dissolution," The Journal of Economic Asymmetries, Elsevier, vol. 15(C), pages 17-31.
    6. Mario COCCIA, 2017. "Disruptive firms and industrial change," Journal of Economic and Social Thought, KSP Journals, vol. 4(4), pages 437-450, December.
    7. Coccia, Mario, 2016. "The relation between price setting in markets and asymmetries of systems of measurement of goods," The Journal of Economic Asymmetries, Elsevier, vol. 14(PB), pages 168-178.
    8. Mario Coccia, 2018. "Optimization in R&D intensity and tax on corporate profits for supporting labor productivity of nations," The Journal of Technology Transfer, Springer, vol. 43(3), pages 792-814, June.
    9. Mario Coccia, 2018. "National debts and government deficits within European Monetary Union: Statistical evidence of economic issues," Papers 1806.07830, arXiv.org.
    10. Mario Coccia, 2018. "Socioeconomic driving forces of scientific research," Papers 1806.05028, arXiv.org.
    11. Mario Coccia, 2018. "The laws of the evolution of research fields," Papers 1805.03492, arXiv.org.
    12. Coccia, Mario, 2015. "General sources of general purpose technologies in complex societies: Theory of global leadership-driven innovation, warfare and human development," Technology in Society, Elsevier, vol. 42(C), pages 199-226.
    13. Coccia, Mario, 2018. "A Theory of the General Causes of Long Waves: War, General Purpose Technologies, and Economic Change," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 287-295.
    14. Mario Coccia, 2018. "How do public research labs use funding for research? A case study," Papers 1805.11932, arXiv.org.
    15. Mario Coccia, 2018. "Measurement of the evolution of technology: A new perspective," Papers 1803.08698, arXiv.org.
    16. Mario Coccia & Barry Bozeman, 2016. "Allometric models to measure and analyze the evolution of international research collaboration," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(3), pages 1065-1084, September.
    17. Mario COCCIA, 2018. "Types of government and innovative performance of countries," Journal of Social and Administrative Sciences, KSP Journals, vol. 5(1), pages 15-33, March.
    18. Mario COCCIA, 2018. "The origins of the economics of Innovation," Journal of Economic and Social Thought, KSP Journals, vol. 5(1), pages 9-28, March.
    19. Coccia, Mario & Wang, Lili, 2015. "Path-breaking directions of nanotechnology-based chemotherapy and molecular cancer therapy," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 155-169.
    20. Mario COCCIA, 2018. "Violent crime driven by income Inequality between countries," Turkish Economic Review, KSP Journals, vol. 5(1), pages 33-55, March.

    More about this item

    Keywords

    Disruptive Technologies; Problem Solving; R&D Management; Industrial Change; Target Therapy; Anticancer Drugs.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:csc:ircrwp:201704. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Perin or Giancarlo Birello (email available below). General contact details of provider: https://edirc.repec.org/data/cerisit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.