Abstract/Details

The role of market entry timing in the evaluation of manufacturing technology innovations


1997 1997

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Abstract (summary)

Application of strategic new technologies is a key requirement for the maintenance of a firm's competitive advantage in most markets. The process by which organizations adopt and apply innovative technology products is the subject of investigation. This study of innovation processes includes both individual champion behavior and organizational adoption behavior.

In technology markets characterized by rapid evolution in both markets and technology, timing seems likely to be an important consideration in the adoption process. This research investigates the impact of the timing of the decision to acquire a specific high speed machining and laser cutting technology on the propensity to champion the adoption and the impact of timing on the outcome of the adoption decision.

Timing is defined as the temporal distance between the actual or forecast decision date and the temporal reference point (TRP), the time when the firm's management expects to begin to realize negative outcomes should it fail to adopt the specific technology. On this basis time gains (when the decision pre-dates the TRP) and losses (when the decision post-dates the TRP) can be identified. Along with timing, the model of champion behavior also included measures of perceived value and personal risk. The organization adoption model also included measures for strategic intent, risk and decision complexity.

While timing was not found to significantly influence champion behavior, it did seem to influence the adoption behavior of the organization. Most adoption decisions were found to occur in a region of time loss. In conformance with prospect theory prediction increasing time losses (decisions which increasing post-date the TRP) result in delayed adoption. The date of a management team's TRP was also found to be related to the date of subsequent adoption decisions.

These findings have implications for marketing theory, practice and research. The temporal reference point is a potential means of identifying early adopters, key prospects, optimum timing for new product introduction, and candidate R & D projects for acceleration. It also provides a basis for forecasting the development of markets for technology products, and potentially enabling experimental designs in domains unaccustomed to such research, e.g., the diffusion of innovations.

Indexing (details)


Subject
Marketing;
Management;
Industrial engineering;
Innovations;
Organizational behavior;
Studies;
Market entry;
Technology;
Manufacturing
Classification
0338: Marketing
0454: Management
0546: Industrial engineering
Identifier / keyword
Social sciences, Applied sciences
Title
The role of market entry timing in the evaluation of manufacturing technology innovations
Author
Daniel, Harold Zane, Jr.
Number of pages
300
Publication year
1997
Degree date
1997
School code
0056
Source
DAI-A 58/06, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9780591473902, 0591473909
University/institution
University of Connecticut
University location
United States -- Connecticut
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
9737403
ProQuest document ID
304341546
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/304341546
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