To illustrate the concepts and the model, empirical evidence is presented that establishes the role of changing network structures and incumbent capabilities as constraints for DSN opportunity capture, especially in emerging markets.
The counterfactual experiments show that different catch-up dynamics can emerge depending on the magnitude of technological disruption, the degree of lock-ins, the shape of technological landscape, and incumbents' initial capabilities.
If experts answered "yes" to A4 and there were no legal barriers (B1), then we judged that incumbents had the capability to respond.
Christensen's research demonstrated how growth-seeking incumbents must develop the capability to deflect disruptive attacks and seize disruptive opportunities.
For one thing, most incumbents build up capabilities that are not useful in the new entrants' models.
The fate of failed challengers and incumbents point to the importance of incumbent traps, technological and financial capabilities, the timing of windows of opportunity, speedy strategic response, a proper evaluation of future demand and sheer luck, as long lead times and sunk costs entrap incumbents and other inadequately responding companies.
Also, a growing number of incumbent pharmaceutical companies are developing manufacturing capabilities for recombinant products, with many in India and China already benefiting from related efforts over the past decade.
Our overall findings support the argument that acquisitions primarily concern NTBFs in market contexts where entry costs are large, access to finance is important and incumbents have valuable complementary capabilities and resources.
The incumbent camera makers possessed many of the necessary capabilities (camera design, optics, distribution) and were missing some others, notably the SLR optics technology and the digital sensor technology.
Collaborating with a supplier remains the most popular option for how incumbents expect to develop their digital and innovation capability.
SpaceX is promising to substantially undercut the existing players on price, and SES, the world's second-largest telecoms satellite operator, believes the incumbents had better take note of the California company's capability.
