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Technological discontinuities and the challenge for incumbent firms: Destruction, disruption or creative accumulation?
Linköping University, Department of Management and Engineering, Project management, Innovations and Entrepreneurship . Linköping University, The Institute of Technology. (KITE)ORCID iD: 0000-0003-1952-902X
Linköping University, Department of Management and Engineering, Project management, Innovations and Entrepreneurship . Linköping University, The Institute of Technology. (KITE)ORCID iD: 0000-0002-4233-5138
Linköping University, Department of Management and Engineering, Project management, Innovations and Entrepreneurship . Linköping University, The Institute of Technology. (KITE)ORCID iD: 0000-0002-3164-6352
CENTRIM (Centre for Research in Innovation Management), University of Brighton. (KITE)
2013 (English)In: Research Policy, ISSN 0048-7333, E-ISSN 1873-7625, Vol. 42, no 6-7, 1210-1224 p.Article in journal (Refereed) Published
Abstract [en]

The creative destruction of existing industries as a consequence of discontinuous technological change is a central theme in the literature on industrial innovation and technological development. Established competence-based and market-based explanations of this phenomenon argue that incumbents are seriously challenged only by ‘competence-destroying’ or ‘disruptive’ innovations, which make their existing knowledge base or business models obsolete and leave them vulnerable to attacks from new entrants. This paper challenges these arguments. With detailed empirical analyses of the automotive and gas turbine industries, we demonstrate that these explanations overestimate the ability of new entrants to destroy and disrupt established industries and underestimate the capacity of incumbents to perceive the potential of new technologies and integrate them with existing capabilities. Moreover, we show how intense competition in the wake of technological discontinuities, driven entirely by incumbents, may instead result in late industry shakeouts. We develop and extend the notion of ‘creative accumulation’ as a way of conceptualizing the innovating capacity of the incumbents that appear to master such turbulence. Specifically, we argue that creative accumulation requires firms to handle a triple challenge of simultaneously (a) fine-tuning and evolving existing technologies at a rapid pace, (b) acquiring and developing new technologies and resources and (c) integrating novel and existing knowledge into superior products and solutions.

Place, publisher, year, edition, pages
Elsevier, 2013. Vol. 42, no 6-7, 1210-1224 p.
Keyword [en]
Creative accumulation; Technological discontinuity; Creative destruction; Disruptive innovation; Competence-destroying innovation
National Category
Engineering and Technology Economics and Business
Identifiers
URN: urn:nbn:se:liu:diva-93701DOI: 10.1016/j.respol.2013.02.009ISI: 000321604200007OAI: oai:DiVA.org:liu-93701DiVA: diva2:626598
Projects
Knowledge Integration and Innovation in Transnational Enterprise
Funder
Riksbankens Jubileumsfond
Available from: 2013-06-10 Created: 2013-06-10 Last updated: 2017-12-06Bibliographically approved

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Bergek et al (2013) Research Policy(260 kB)2950 downloads
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Bergek, AnnaBerggren, ChristianMagnusson, Thomas

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