Swift and Smart: The Moderating Effects of Technological Capabilities on the Market Pioneering-Firm Survival Relationship

April Franco, Sarkar Mb (), Rajshree Agarwal () and Raj Echambadi ()
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Sarkar Mb: Fox School of Business and Management, Temple University, Philadelphia, Pennsylvania 19122
Rajshree Agarwal: College of Business, University of Illinois at Urbana-Champaign, Champaign, Illinois 61820
Raj Echambadi: College of Business, University of Illinois at Urbana-Champaign, Champaign, Illinois 61820

Management Science, 2009, vol. 55, issue 11, 1842-1860

Abstract: We extend the concept of first-mover advantage to the context of high-technology industries with multiple product generations, and propose that the notion of first-mover advantage needs to be viewed not only through a dynamic lens, but also in conjunction with technological capability. Our main finding is that first-mover advantages are best understood in tandem with the firm's technological capabilities; early entry is beneficial only for pioneers that are technically strong. However, pioneers that are low on technological capabilities suffer from poor survival rates vis-à-vis market responders or nonentrants into new product generations.

Keywords: dynamic capabilities; first-mover advantage; strategy; industry evolution; entrepreneurship; technology strategy (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (47)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:55:y:2009:i:11:p:1842-1860

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