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Technological Change

In: Communities of Practice and Vintage Innovation

Author

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  • Francesco Schiavone

    (University Parthenope)

Abstract

This chapter summarizes the main stylized facts about technological change. These evidences refer to the main characteristics of the process, the sources of innovation, and the main implications in terms of Research and Development for firms. The main strategic reactions to technological change are presented and discussed: sailing ship effect, shift to new technology, and exit from the market. A multilevel model of analysis is also offered in order to support strategizing and selecting the right option. The chapter ends with a review of the main macro, meso, and micro factors influencing the adoption (or the rejection) of an innovation. The conclusion is that technological, social, and learning factors are often interconnected with each other and draw a complex picture of adoption, diffusion, and substitution. This picture largely affects the impact and speed of technological change.

Suggested Citation

  • Francesco Schiavone, 2014. "Technological Change," SpringerBriefs in Business, in: Communities of Practice and Vintage Innovation, edition 127, chapter 0, pages 1-23, Springer.
    • Handle: RePEc:spr:spbrcp:978-3-319-01902-4_1
    DOI: 10.1007/978-3-319-01902-4_1
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