 Heterogeneous preferences and new innovation cycles in mature industries: the amateur camera industry 1955--1974Paul Windrum () Industrial and Corporate Change, 2005, vol. 14, issue 6, 1043-1074 Abstract: This paper examines the amateur camera industry between 1955 and 1974. The case raises important issues for our understanding of the product lifecycle. First, an industry can experience more than one round of radical product and process innovation in its history. Second, there is not a strict sequence of product innovation followed by process innovation. Third, the existence of a dominant design depends on there being a relatively homogeneous set of consumers. Heterogeneous consumer preferences support different camera designs in two distinct market niches in the amateur camera industry. Fourth, new rounds of entry and exit, and new industry shake-outs can occur, with new, innovative entrants displacing old firms. Fifth, when the new firms are from developing countries, a shift in global production occurs. The success of new Japanese entrants in this period lay in their being more successful innovators, not in their exploiting wage/cost advantages. Copyright 2005, Oxford University Press. Date: 2005 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:indcch:v:14:y:2005:i:6:p:1043-1074 Ordering information: This journal article can be ordered from Access Statistics for this article Industrial and Corporate Change is currently edited by Josef Chytry More articles in Industrial and Corporate Change from Oxford University Press and the Associazione ICC Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. |
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