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Generic, radical technology is of interest because of its potential for value creation across a broad range of industries and applications. Advanced materials ventures are attracted by this opportunity yet face distinctive challenges in commercializing such technology. We explore an anomaly in common assumptions about the commercialization of generic technology. We build on Freeman's concept of technological...
Electricity supply is a large technical system, which exhibits strong path dependencies and high barriers for radical innovations. Recent market liberalization, however, has initiated a fundamental restructuring. The paper analyzes how liberalization has altered innovation processes in the field of electricity supply. We examine three radical innovations under monopoly conditions and contrast the...
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