How Technology–Based New Firms Leverage Newness and Smallness to Commercialize Disruptive Technologies
研究了新创企业如何将新和小这些通常被视为劣势的特征转化为优势，成功商业化颠覆性技术，并分析了四种颠覆性技术情境下的边界条件。
Although the survival of young firms is challenged by the liabilities of newness, there are numerous instances where these firms have been successful at commercializing disruptive technologies at the expense of much larger and stronger incumbents. This paper explores this phenomenon and argues that the characteristics that challenge young technology–venture survival are also potential sources of advantage when commercializing disruptive technologies. The propositions developed also identify the boundary conditions for the advantages by examining the context of commercialization that is created by four types of disruptive technologies. The contributions of this paper are relevant to the enhanced understanding of the liabilities of newness, as well as the commercialization of disruptive technologies.