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Technological Discontinuities and Competitive Advantage: A Historical Perspective on Formula 1 Motor Racing 1950–2006

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  • Mark Jenkins

Abstract

This paper considers the interplay between technological discontinuities and competitive performance. Much of the work on technological discontinuities has focused on macro levels of analysis such as industries and technologies rather than specific firms. This study uses a historical perspective on Formula 1 motor racing to explore the dynamics between firm level performance and technological discontinuities over a 57 year period. The study supports the findings of previous research that incumbent firms are often unable to adapt to the impact of exogenous shocks. However the study also reveals situations where a relatively small number of firms are able to sustain their competitive superiority through a number of successive discontinuities. I suggest that, in addition to dynamic capabilities, these firms possess sustaining capabilities – munificent resource configurations which extend the time available for firms to adapt to technological changes – thereby allowing them to remain competitive across discontinuities.

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  • Mark Jenkins, 2010. "Technological Discontinuities and Competitive Advantage: A Historical Perspective on Formula 1 Motor Racing 1950–2006," Journal of Management Studies, Wiley Blackwell, vol. 47(5), pages 884-910, July.
    • Handle: RePEc:bla:jomstd:v:47:y:2010:i:5:p:884-910
    DOI: 10.1111/j.1467-6486.2010.00928.x
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    Cited by:

    1. Aversa, Paolo & Guillotin, Olivier, 2018. "Firm technological responses to regulatory changes: A longitudinal study in the Le Mans Prototype racing," Research Policy, Elsevier, vol. 47(9), pages 1655-1673.
    2. Alessandro Marino & Paolo Aversa & Luiz Mesquita & Jaideep Anand, 2015. "Driving Performance via Exploration in Changing Environments: Evidence from Formula One Racing," Organization Science, INFORMS, vol. 26(4), pages 1079-1100, August.
    3. Mario Coccia, 2017. "Disruptive technologies and competitive advantage of firms in dynamic markets," IRCrES Working Paper 201704, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    4. repec:bla:jomstd:v:47:y:2010:i:s1:p:775-790 is not listed on IDEAS
    5. Lawton, Thomas & Rajwani, Tazeeb & Doh, Jonathan, 2013. "The antecedents of political capabilities: A study of ownership, cross-border activity and organization at legacy airlines in a deregulatory context," International Business Review, Elsevier, vol. 22(1), pages 228-242.
    6. Mario Coccia, 2017. "Disruptive firms," Papers 1710.06132, arXiv.org.
    7. Mariotti, Francesca & Haider, Sajjad, 2020. "Managing institutional diversity and structural holes: Network configurations for recombinant innovation," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    8. Oliver Budzinski & Arne Feddersen, 2020. "Measuring competitive balance in Formula One racing," Chapters, in: Plácido Rodríguez & Stefan Kesenne & Brad R. Humphreys (ed.), Outcome Uncertainty in Sporting Events, chapter 1, pages 5-26, Edward Elgar Publishing.
    9. Goodall, Amanda H. & Pogrebna, Ganna, 2012. "Expert Leaders in a Fast-Moving Environment," IZA Discussion Papers 6715, Institute of Labor Economics (IZA).
    10. Giachetti, Claudio & Marchi, Gianluca, 2017. "Successive changes in leadership in the worldwide mobile phone industry: The role of windows of opportunity and firms’ competitive action," Research Policy, Elsevier, vol. 46(2), pages 352-364.
    11. Mario COCCIA, 2017. "Disruptive firms and industrial change," Journal of Economic and Social Thought, KSP Journals, vol. 4(4), pages 437-450, December.

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