Balancing Exploitation and Exploration
ISBN:
978-3-8349-2025-6
Auflage:
2010
Verlag:
Betriebswirtschaftlicher Verlag Gabler, Gabler Verlag
Land des Verlags:
Deutschland
Erscheinungsdatum:
08.10.2009
Reihe:
Entrepreneurship
Format:
Softcover
Seitenanzahl:
288
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Within the last decades, an interesting economic phenomenon can be observed in many industries across the globe: companies that for many years had dominated their respective segments misjudged the potential of a new technology and, in consequence, missed an important innovation frequently resulting in fatal economic consequences. Just to give one example: KODAK lost its dominating position as it decided far too late to invest in digital photography, a radical innovation that completely changed the photo industry. Interestingly, like many other companies that have been subject to this phenomenon Kodak was considered to be excellently management and to possess well-designed customer processes. However, the factors driving the prosperity of an industry incumbent may at the same time trigger its economic decline. Contrary to "hungry" companies that believe disruptive innovations to be their opportunity to - shuffle the cards of the game, market leaders often seem to face serious difficulties in capitalizing on radical innovations.
Schlagwörter
Biografische Anmerkung
Dr. Patrick Schulze wrote this dissertation under Prof. Malte Brettel’s supervision at the WIN chair of the RWTH Aachen.
