Entry and technological performance in new technology domains: Technological opportunities, technology competition and technological relatedness
Leten, Bart Belderbos, Rene Van Looy, Bart
Leten, Bart
Belderbos, Rene
Van Looy, Bart
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Publication Type
Journal article with impact factor
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Supervisor
Publication Year
2016
Journal
Journal of Management Studies
Book
Publication Volume
53
Publication Issue
8
Publication Begin page
1257
Publication End page
1291
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Abstract
Entry and success in new technology domains (NTDs) is essential for firms' long-term performance. We argue that firms' choices to enter NTDs and their subsequent performance in these domains are not only governed by firm-level factors but also by environmental characteristics. Entry is encouraged by the richness of opportunities for technology development, while technology competition by incumbent firms discourages entry and render entries that do take place less successful. Firms are expected to be positioned heterogeneously to recognize and capitalize on technological opportunities, depending on the presence of a related technology base. We find qualified support for these conjectures in a longitudinal analysis of entry and technological performance in NTDs by 176 R&D intensive firms. While opportunity rich technology environments attract entries by firms even if these NTDs are distal from firms' existing technologies, firms require related technological expertise in order to exploit technological opportunities post-entry.
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Keywords
Entry, Competition, Innovation, Relatedness, Technological Opportunities, Technology Search