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Timing of the initial functionality development as a key to sustainable functionality: comparative analysis of copying machine development in Canon and Ricoh

Timing of the initial functionality development as a key to sustainable functionality:... Purpose: Sustainable functionality development (FD) is decisive to firm's profitability in their new innovation in a competitive market. While functionality instills attractive values in innovative goods leading to a dramatic increase in profit through increasing demand and higher prices, it obsolesces immediately in a competitive market. Therefore, how to maintain sustainable FD trajectory is decisive to firm survival strategy within the context of mega‐competition in a globalizing economy. Notwithstanding an increasing significance of this subject, dynamism enabling a sustainable FD trajectory still remains inside a black box. The purpose of this paper, on the basis of an empirical comparative analysis of the diffusion trajectories for copying machines developed by Canon and Ricoh, is to attempt to elucidate this dynamism. Design/methodology/approach: This paper employed a bi‐logistic growth model utilizing patent data for copying machine technologies. Findings: It was found that early undertaking of 2nd generational copying machinery initiated by Canon played a more decisive role in terms of its higher level of sustainable FD than with its competitor. Originality/value: This paper provides significant insight to firm's management of technology strategy in a competitive market. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Advances in Management Research Emerald Publishing

Timing of the initial functionality development as a key to sustainable functionality: comparative analysis of copying machine development in Canon and Ricoh

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
0972-7981
DOI
10.1108/09727980810949124
Publisher site
See Article on Publisher Site

Abstract

Purpose: Sustainable functionality development (FD) is decisive to firm's profitability in their new innovation in a competitive market. While functionality instills attractive values in innovative goods leading to a dramatic increase in profit through increasing demand and higher prices, it obsolesces immediately in a competitive market. Therefore, how to maintain sustainable FD trajectory is decisive to firm survival strategy within the context of mega‐competition in a globalizing economy. Notwithstanding an increasing significance of this subject, dynamism enabling a sustainable FD trajectory still remains inside a black box. The purpose of this paper, on the basis of an empirical comparative analysis of the diffusion trajectories for copying machines developed by Canon and Ricoh, is to attempt to elucidate this dynamism. Design/methodology/approach: This paper employed a bi‐logistic growth model utilizing patent data for copying machine technologies. Findings: It was found that early undertaking of 2nd generational copying machinery initiated by Canon played a more decisive role in terms of its higher level of sustainable FD than with its competitor. Originality/value: This paper provides significant insight to firm's management of technology strategy in a competitive market.

Journal

Journal of Advances in Management ResearchEmerald Publishing

Published: Oct 1, 2008

Keywords: Functional specialization; Product innovation; Photocopiers; Business development; Patents; Japan

References