Vintage Innovation

Francesco Schiavone ()
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Francesco Schiavone: University Parthenope

Chapter Chapter 3 in Communities of Practice and Vintage Innovation, 2014, pp 51-69 from Springer

Abstract: Abstract This chapter offers the notion of vintage innovation, an innovative approach to improve the customer effectiveness of old products without changing their technical characteristics. The chapter reviews the Saviotti and Metcalfe theoretical framework in order to analyze the key components of technological products (technical characteristics and service characteristics). Backwards compatibility provides interesting opportunities to improve customer effectiveness to date scarcely considered by firms. This form of technological compatibility leads to the phenomenon of vintage innovation. This shows that companies have to focus, paradoxically, their R&D efforts on new technology in order to improve customer effectiveness of declining products. In particular, vintage innovation generates value for companies when users form a community of practice. The chapter ends with the main managerial implications of vintage innovation.

Keywords: Vintage innovation; Technical characteristics; Service characteristics; Customer effectiveness; Backwards compatibility; Converters (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-319-01902-4_3

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DOI: 10.1007/978-3-319-01902-4_3

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