The Performance of Incumbent firms in the Face of Radical Technological Innovation
探讨在位企业在激进技术创新冲击下表现不佳的普遍现象，并分析少数成功企业的关键因素，对研究技术变革与产业动态的学者有参考价值。
A persistent theme in the academic literature on technological innovation is that incumbent enterprises have great difficulty crossing the abyss created by a radical technological innovation and, thus, go into decline, while new entrants rise to market dominance by exploiting the new technology. However, this tendency is not universal. There are outliers in any population, and much can be learned from examining this group. Here we identify a number of factors that help to explain incumbent performance in markets shaken by a radical technological innovation.