The hybrid trap: Why most efforts to bridge old and new technology miss the mark

Technological transitions are challenging, particularly for companies in mature industries. Incumbents are frequently blindsided by new technologies, fully missing opportunities to enter emerging markets early. While some established companies do possess the awareness and dexterity to become early a...

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Main Authors: SUAREZ, Fernando F., UTTERBACK, James, von GRUBEN, Paul, KANG, Hye Young
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Language:English
Published: Institutional Knowledge at Singapore Management University 2018
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5851
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6850/viewcontent/Hybrid_Trap_av.pdf
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spelling sg-smu-ink.lkcsb_research-68502019-08-20T03:26:46Z The hybrid trap: Why most efforts to bridge old and new technology miss the mark SUAREZ, Fernando F. UTTERBACK, James von GRUBEN, Paul KANG, Hye Young Technological transitions are challenging, particularly for companies in mature industries. Incumbents are frequently blindsided by new technologies, fully missing opportunities to enter emerging markets early. While some established companies do possess the awareness and dexterity to become early adopters of new technologies, they typically lack the vision and the commitment to become leaders. Too often, they cling to the familiar, developing hybrid products that combine elements of the old and the new. The trouble is, hybrid strategies put even the best incumbent companies in a weak position when the market finally embraces the new technology. We call this the "hybrid trap." The transition from internal combustion engines to electric vehicles demonstrates the dangers of hesitating to embrace the new. New markets are often enabled by technological change and exploited by minds that can envision futures that are far different from the status quo. More so, they are convinced that such a future must happen. 2018-03-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/5851 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6850/viewcontent/Hybrid_Trap_av.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Technological change Transitions Emerging markets Electric vehicles Strategic Management Policy Technology and Innovation
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Technological change
Transitions
Emerging markets
Electric vehicles
Strategic Management Policy
Technology and Innovation
spellingShingle Technological change
Transitions
Emerging markets
Electric vehicles
Strategic Management Policy
Technology and Innovation
SUAREZ, Fernando F.
UTTERBACK, James
von GRUBEN, Paul
KANG, Hye Young
The hybrid trap: Why most efforts to bridge old and new technology miss the mark
description Technological transitions are challenging, particularly for companies in mature industries. Incumbents are frequently blindsided by new technologies, fully missing opportunities to enter emerging markets early. While some established companies do possess the awareness and dexterity to become early adopters of new technologies, they typically lack the vision and the commitment to become leaders. Too often, they cling to the familiar, developing hybrid products that combine elements of the old and the new. The trouble is, hybrid strategies put even the best incumbent companies in a weak position when the market finally embraces the new technology. We call this the "hybrid trap." The transition from internal combustion engines to electric vehicles demonstrates the dangers of hesitating to embrace the new. New markets are often enabled by technological change and exploited by minds that can envision futures that are far different from the status quo. More so, they are convinced that such a future must happen.
format text
author SUAREZ, Fernando F.
UTTERBACK, James
von GRUBEN, Paul
KANG, Hye Young
author_facet SUAREZ, Fernando F.
UTTERBACK, James
von GRUBEN, Paul
KANG, Hye Young
author_sort SUAREZ, Fernando F.
title The hybrid trap: Why most efforts to bridge old and new technology miss the mark
title_short The hybrid trap: Why most efforts to bridge old and new technology miss the mark
title_full The hybrid trap: Why most efforts to bridge old and new technology miss the mark
title_fullStr The hybrid trap: Why most efforts to bridge old and new technology miss the mark
title_full_unstemmed The hybrid trap: Why most efforts to bridge old and new technology miss the mark
title_sort hybrid trap: why most efforts to bridge old and new technology miss the mark
publisher Institutional Knowledge at Singapore Management University
publishDate 2018
url https://ink.library.smu.edu.sg/lkcsb_research/5851
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6850/viewcontent/Hybrid_Trap_av.pdf
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