Technological discontinuities, outsiders and social capital: a case study from Formula 1

SMITH, D.J., 2012. Technological discontinuities, outsiders and social capital: a case study from Formula 1. European Journal of Innovation Management, 15 (3), pp. 332-335. ISSN 1460-1060

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Abstract

Purpose – The purpose of this paper is to examine how and why outsiders, rather than incumbents, are able to take advantage of technological discontinuities. Design/ methodology/approach – The paper employs a case study of a single innovation that transformed the technology of Formula 1 motor racing. Findings – The findings show how social capital made up of ‘weak ties’ in the form of informal personal networks, enabled an outsider to successfully make the leap to a new technological regime. Practical implications – The findings show that where new product development involves a shift to new technologies, social capital can have an important part to play. Originality/value – It is widely accepted that radical innovations are often competence destroying, making it difficult for incumbents to make the transition to a new technology. The findings show how the social capital of outsiders can place them at a particular advantage in utilizing new technologies.

Item Type: Journal article
Publication Title: European Journal of Innovation Management
Creators: Smith, D.J.
Publisher: Emerald
Place of Publication: Bingley
Date: 2012
Volume: 15
Number: 3
ISSN: 1460-1060
Identifiers:
NumberType
10.1108/14601061211243666DOI
Divisions: Schools > Nottingham Business School
Depositing User: EPrints Services
Date Added: 09 Oct 2015 09:50
Last Modified: 09 Jun 2017 13:12
URI: http://irep.ntu.ac.uk/id/eprint/3656

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