Towards a regime-based typology of market evolution

Resumo

This paper provides a typology for the analysis of markets in which new innovations have the potential to cause regime transition. We elaborate the typology of transition pathways (Geels and Schot, 2007) into a typology of market evolution, with transition being one of the possible types. We strengthen the theoretic link between transition and industrial innovation studies by moving beyond the incremental-radical innovation dichotomy, adopted in many industrial innovation studies, as well as map out the socio-technical dimension of market evolution. We test the Regime Evolution Framework (REF), as we call it, against the introduction of steam power in trains and ships, which are well-established cases. By doing so, we are better prepared to adopt the framework for the analysis of electric propulsion systems in cars, a potentially disruptive innovation that has slowly been entering mainstream markets. The framework allows us to: (i) better qualify the categories of sustaining and disruptive innovation; (ii) understand the evolution of hybrid patterns of market innovation, since the elements of emerging disruptive innovations sometimes sustain the established technology, and; (iii) assess and map emerging market patterns. (C) 2014 Elsevier Inc. All rights reserved.

Ficha do documento

Tipo

Artigo científico

Ano

2015

Instituição

Elsevier Science Inc

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso restrito

DOI

10.1016/j.techfore.2014.10.002

Identificador

oai:repositorio.fgv.br:10438/23464

Temas

Economia

Palavras-chave

Innovation typologyMarket evolutionRegimeTransitionSocio-technical changeDisruptive innovationEconomiaInovações tecnológicas