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Although fast followers have been making huge investments on their expansion strategies to surpass first movers and dominate the market, they have encountered the trilemma of being unable to simultaneously obtain high market shares, high business profit rates, and high brand innovativeness. This study used the Trade-off model and Diffusion of Innovation theory to statistically examine the trilemma...
This paper evaluates the impact of local government capital investment subsidies for the installation and the price of rooftop solar photovoltaic (PV) system in Japan. By creating the micro-level unique panel dataset covering the period between 2009 and 2014, we compared municipalities that employed subsidies with municipalities that did not to analyze their effects on the amount of installation and...
Ironically, our understandings of innovation appear to become increasingly vague, as “innovation” has been one of the most powerful buzz words. Currently, the concept of innovation is likely to be misunderstood just as “something new” or “something good”. Since Schumpeter first defined innovation as new combination, there has been substantial accumulation of innovation research. Despite the rich literature...
This chapter addresses reasons for innovation. Innovation requires resources to transform new ideas into products/services to be sold in the market and diffused into society. Yet in the earlier stage of innovation, process uncertainty always prevails both technologically and economically. There is no objective consensus that the new idea will succeed in the end. It is thus necessary for those people...
This paper explores how the Chinese photovoltaic (PV) industry had grown extremely fast from the middle of 2000s, and successfully dominated the world PV product market, by conducting a detailed field study on the industry cluster of Wuxi area in Jiangsu Province, which involves interviews to more than 42 persons and the questionnaire survey. Whereas prior research has tended to emphasize roles of...
This paper draws on data obtained from a questionnaire survey conducted for the 242 private R&D projects supported by NEDO (New Energy and Industrial Technology Development Organization), Japan's public management organization promoting R&D, to explore how dependence on government support affects processes of private R&D projects and, in turn, the performance and commercialization of developed...
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