Contributions and Future Research

Masatoshi Fujiwara () and Yaichi Aoshima ()
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Masatoshi Fujiwara: Hitotsubashi University
Yaichi Aoshima: Hitotsubashi University

Chapter Chapter 15 in Mechanisms for Long-Term Innovation, 2022, pp 309-331 from Springer

Abstract: Abstract In this chapter, we identify the contributions and implications of the book and then construct arguments for future research. One of the arguments concerns the contradiction between industry development and company profitability. Groundbreaking breakthroughs that led to the emergence of dominant designs, the convergence of technological approaches in the industry, and the creation of de facto standards for element shapes have certainly contributed to industrial development. However, they also led to fierce competition for homogeneity, which squeezed the profitability of companies. The question of how the balance between the convergence and standardization of technological approaches and the profitability of individual firms affects industrial development is beyond the scope of this book, but it is an important theme. In addition, the role of the commercial market as an experimentation ground and the possibility that the specific reasons justifying development within a company influence the direction of technological development are also presented as a possible future research theme.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-981-19-4896-1_15

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DOI: 10.1007/978-981-19-4896-1_15

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