Dynamic Commercialization Strategies for Disruptive Technologies: Evidence from the Speech Recognition Industry
研究了初创企业采用颠覆性技术时，在位企业如何从竞争性商业化转向合作性商业化的动态策略，利用1952-2010年语音识别行业数据验证假设。
When start-up innovation involves a potentially disruptive technology—initially lagging in the predominant performance metric, but with a potentially favorable trajectory of improvement—incumbents may be wary of engaging in cooperative commercialization with the start-up. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively) competitive commercialization and the eventual replacement of incumbents, we consider a dynamic strategy involving product market entry before switching to a cooperative commercialization strategy. Empirical evidence from the automated speech recognition industry from 1952 to 2010 confirms our main hypothesis. This paper was accepted by Bruno Cassiman, business strategy.