This paper explores how the traditional incumbents coped with the rapid transition provoked by disruptive innovation in the South Korean retail industry. More specifically, the study concentrates on the challenges incumbents faced and their step-by-step attempts to deal with disruption....

Digital disruption is a potent force. Advances in mobile technology and increasing use of social media have quickened the pace of customer adoption, giving rise to the age of digital disruption. It is important to note though that digital disruption is not a net negative force. For every...

Article 9 of the Uniform Commercial Code (U.C.C.) governs secured transactions in personal property in all fifty states and has been lauded as “the most successful commercial statute ever.” But while Article 9 has facilitated commerce and economic growth, it remains complicated and...

Recent research finds that markups are rising, suggesting declining competition. But does less price competition mean less Schumpeterian “creative destruction”/industry dynamism? This paper reports the first recent estimates of trends in the displacement of industry-leading firms....

The extent of digital disruption was not really perceived by many financial intermediaries justa few years ago. It is clear in 2017 that the digital disruption will change the financial industryfar more widely than the regulatory avalanches did since the financial crisis: The business modelin...

Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of...

Purpose: Based on technological progress, companies innovate and design a variety of new processes to be implemented in order to gain a competitive advantage. Nevertheless, many companies face issues during the initial integration of these emerging technologies with their existing business...

Recent advances in machine learning have reinforced the competitive position of leading online platforms. This Essay identifies two important sources of platform rivalry and proposes ways to maximize their competitive potential under existing antitrust law. A nascent competitor is a threatening...

This study focuses on the structure and evolution of a drug importation network that operated from Montreal, Canada, and that was the target of an extensive two-year criminal investigation. The investigation was atypical in that it followed a seize-but-do-not-arrest strategy - while eleven drug...