Complementary assets as pipes and prisms: Innovation incentives and trajectory choices

摘要: The issue of the failure incumbent firms in face radical technical change has been a central question technology strategy domain for some time. We add to prior contributions by highlighting role firm's existing set complementary assets have influencing its investment alternative technological trajectories. develop an analytical model that considers firm heterogeneity with respect both trajectories and assets. Complementary play dual incumbents' behavior toward change: they are not only resources (pipes) can buffer from change, but also prisms through which view those changes, magnitude should be invested trajectory these directed.