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Disruptive technologies and competitive advantage of firms in dynamic markets

Mario Coccia ()

IRCrES Working Paper from Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: A fundamental problem in the field of management of technology is how firms develop and sustain disruptive technologies for competitive advantage in markets. The vast literature has analyzed several characteristics of disruptive innovations. However, the determinants are hardly known. The study here seems to show, in a market with high intensity of R&D investments (anticancer drugs), that the emergence of disruptive technologies can be driven by the coevolution of consequential problems and their solution in R&D labs of firms. In general, incumbent and entrant firms have a strong incentive to find innovative solutions to unsolved, consequential and new problems in order to achieve and sustain the prospect of a (temporary) profit monopoly and competitive advantage in markets with technological dynamisms. Overall, then this study shows one of the general sources of disruptive technologies that seems to support industrial and corporate change in a Schumpeterian world of innovation-based competition.

Keywords: Disruptive Technologies; Problem Solving; R&D Management, Industrial Change, Target Therapy, Anticancer Drugs. (search for similar items in EconPapers)
JEL-codes: O11 P16 P51 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2017-04
New Economics Papers: this item is included in nep-com, nep-cse and nep-ino
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