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Three Faces of Technology’s Value Creation: Emerging, Enabling, Embedding

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  • Rahul Kapoor

    (Management Department, The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104;)

  • David J. Teece

    (Institute for Business Innovation, Haas School of Business, University of California, Berkeley, Berkeley, California 94720)

Abstract

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Suggested Citation

  • Rahul Kapoor & David J. Teece, 2021. "Three Faces of Technology’s Value Creation: Emerging, Enabling, Embedding," Strategy Science, INFORMS, vol. 6(1), pages 1-4, March.
    • Handle: RePEc:inm:orstsc:v:6:y:2021:i:1:p:1-4
    DOI: 10.1287/stsc.2021.0124
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    References listed on IDEAS

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    1. Bresnahan, Timothy F. & Trajtenberg, M., 1995. "General purpose technologies 'Engines of growth'?," Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January.
    2. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87, World Scientific Publishing Co. Pte. Ltd..
    3. Willy C. Shih, 2021. "Increasing the Level of Abstraction as a Strategy for Accelerating the Adoption of Complex Technologies," Strategy Science, INFORMS, vol. 6(1), pages 54-61, March.
    4. Ron Adner & Rahul Kapoor, 2016. "Innovation ecosystems and the pace of substitution: Re-examining technology S-curves," Strategic Management Journal, Wiley Blackwell, vol. 37(4), pages 625-648, April.
    5. Teece, David J., 2018. "Profiting from innovation in the digital economy: Enabling technologies, standards, and licensing models in the wireless world," Research Policy, Elsevier, vol. 47(8), pages 1367-1387.
    6. Rahul Kapoor & Thomas Klueter, 2021. "Unbundling and Managing Uncertainty Surrounding Emerging Technologies," Strategy Science, INFORMS, vol. 6(1), pages 62-74, March.
    7. Mary Tripsas, 1997. "Unraveling The Process Of Creative Destruction: Complementary Assets And Incumbent Survival In The Typesetter Industry," Strategic Management Journal, Wiley Blackwell, vol. 18(S1), pages 119-142, July.
    8. Henry Chesbrough & Richard S. Rosenbloom, 2002. "The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 11(3), pages 529-555, June.
    9. Ron Adner & Rahul Kapoor, 2010. "Value creation in innovation ecosystems: how the structure of technological interdependence affects firm performance in new technology generations," Strategic Management Journal, Wiley Blackwell, vol. 31(3), pages 306-333, March.
    10. Sahal, Devendra, 1985. "Technological guideposts and innovation avenues," Research Policy, Elsevier, vol. 14(2), pages 61-82, April.
    11. Alfonso Gambardella & Sohvi Heaton & Elena Novelli & David J. Teece, 2021. "Profiting from Enabling Technologies?," Strategy Science, INFORMS, vol. 6(1), pages 75-90, March.
    12. Joshua S. Gans & Michael Kearney & Erin L. Scott & Scott Stern, 2021. "Choosing Technology: An Entrepreneurial Strategy Approach," Strategy Science, INFORMS, vol. 6(1), pages 39-53, March.
    13. Rosenberg, Nathan & Nelson, Richard R., 1994. "American universities and technical advance in industry," Research Policy, Elsevier, vol. 23(3), pages 323-348, May.
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    15. Jason M. Rathje & Riitta Katila, 2021. "Enabling Technologies and the Role of Private Firms: A Machine Learning Matching Analysis," Strategy Science, INFORMS, vol. 6(1), pages 5-21, March.
    16. Yuliya Snihur & Christoph Zott & Raphael (Raffi) Amit, 2021. "Managing the Value Appropriation Dilemma in Business Model Innovation," Strategy Science, INFORMS, vol. 6(1), pages 22-38, March.
    17. Teece, David J., 2006. "Reflections on "Profiting from Innovation"," Research Policy, Elsevier, vol. 35(8), pages 1131-1146, October.
    18. Kapoor, Rahul & Klueter, Thomas, 2020. "Progress and setbacks: The two faces of technology emergence," Research Policy, Elsevier, vol. 49(1).
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    Cited by:

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    2. Kristina McElheran & J. Frank Li & Erik Brynjolfsson & Zachary Kroff & Emin Dinlersoz & Lucia Foster & Nikolas Zolas, 2024. "AI adoption in America: Who, what, and where," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 33(2), pages 375-415, March.
    3. Goldfarb, Avi & Taska, Bledi & Teodoridis, Florenta, 2023. "Could machine learning be a general purpose technology? A comparison of emerging technologies using data from online job postings," Research Policy, Elsevier, vol. 52(1).
    4. Haessler, Philipp & Giones, Ferran & Brem, Alexander, 2023. "The who and how of commercializing emerging technologies: A technology-focused review," Technovation, Elsevier, vol. 121(C).
    5. Pundziene, Asta & Gerulaitiene, Neringa & Bez, Sea Matilda & Georgescu, Irène & Mathieu, Christopher & Carrabina-Bordoll, Jordi & Rialp-Criado, Josep & Nieminen, Hannu & Varri, Alpo & Boethius, Susann, 2023. "Value capture and embeddedness in social-purpose-driven ecosystems. A multiple-case study of European digital healthcare platforms," Technovation, Elsevier, vol. 124(C).
    6. Xu, Yanan & Sun, Yaowu & Zhou, Yiting, 2024. "Unpacking the intellectual structure and evolution trend of general-purpose technologies development in innovation studies," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    7. Waßenhoven, Anna & Rennings, Michael & Laibach, Natalie & Bröring, Stefanie, 2023. "What constitutes a “Key Enabling Technology” for transition processes: Insights from the bioeconomy's technological landscape," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    8. Ahokangas, Petri & Gisca, Oxana & Matinmikko-Blue, Marja & Yrjölä, Seppo & Gordon, Jillian, 2023. "Toward an integrated framework for developing European 6G innovation," Telecommunications Policy, Elsevier, vol. 47(9).
    9. Xiang, Panwei & Wei, Muhua & Liu, Huili & Wu, Lianren & Qi, Jiayin, 2024. "How does technological value drive 6G development? Explanation from a systematic framework," Telecommunications Policy, Elsevier, vol. 48(7).
    10. Courage Simon Kofi Dogbe & Nyankomo Marwa, 2024. "Digital Orientation and Manufacturing Firms’ Green Innovation Performance: The Mediating Role of Green Competence," JRFM, MDPI, vol. 17(10), pages 1-16, September.
    11. Wen, Wen & Forman, Chris & Jarvenpaa, Sirkka L, 2022. "The effects of technology standards on complementor innovations: Evidence from the IETF," Research Policy, Elsevier, vol. 51(6).

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