Entrepreneurial Spin-Outs and Vanishing Technological Trajectory: Laser Diodes in the U.S. and Japan
AbstractBy exploring the patterns of laser-diode technological development in the U.S. and Japan and theoretically examining market conditions and institutions that promote entrepreneurial spin-outs from a parental company, this study reveals how the existence and absence of entrepreneurial spin-out influence the ways in which technological trajectories emerge. It shows that vibrant entrepreneurial spin-out could hinder technological development, since the cumulative effects of incremental innovations on the technological trajectories could vanish if many firms spun out to target untapped sub-markets.
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Bibliographic InfoPaper provided by Institute of Innovation Research, Hitotsubashi University in its series IIR Working Paper with number 13-21.
Length: 30 p.
Date of creation: Jan 2014
Date of revision:
Innovation; Entrepreneurial Spin-Outs; Technological Trajectory; R&D Competition; Sub-markets; General Purpose Technology;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-02-08 (All new papers)
- NEP-CSE-2014-02-08 (Economics of Strategic Management)
- NEP-ENT-2014-02-08 (Entrepreneurship)
- NEP-INO-2014-02-08 (Innovation)
- NEP-SBM-2014-02-08 (Small Business Management)
- NEP-TID-2014-02-08 (Technology & Industrial Dynamics)
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