This article focuses on technological discontinuities and late shakeouts in mature industries. The empirical case is combined cycle gas turbine technology in the power generation industry, where two of four main incumbents (GE, ABB, Siemens, and Westinghouse) exited the industry after several...

This article presents a case study of small, distributed electrical power generators, representing a potential substitute for large power plants, and raises questions regarding the ability of established manufacturers to manage this kind of technological transition. The analysis demonstrates...