Discussion Point 4: Why Did Japan’s Economy Slow Down? ICT Revolution and “Disruptive Innovation”

Takeo Kikkawa
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Takeo Kikkawa: International University of Japan

Chapter 29 in History of Innovative Entrepreneurs in Japan, 2023, pp 257-260 from Springer

Abstract: Abstract This section explains the challenge facing Japanese companies after 1990, caught between two types of innovations: breakthrough and disruptive. Before the IT revolution, the slow pace of breakthrough innovation enabled latecomers to surpass the original innovators through incremental innovation. However, with the ICT revolution in the 1990s, breakthrough innovators gained significant “first mover” advantages, often leading to “a winner-takes-all” outcome in which Japanese companies found themselves at a competitive disadvantage. Discussion of Christensen’s “disruptive innovation” theory is incorporated to show how Japanese companies are caught between breakthrough innovation from first-mover countries and disruptive innovation from latecomer countries.

Date: 2023
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DOI: 10.1007/978-981-19-9454-8_29

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