As digital technologies increase the occurrence of big bang disruptions across industries, companies old and new find they have less time both to profit from their own disruptor and to unleash the next one. This article describes the drivers of this phenomenon, and offers strategic responses...

The nature of disruptive innovation, first studied by Joseph Schumpeter, has changed dramatically in the wake of rapidly and predictably deflating costs for embedded digital technology. New disruptors now enter the marker both better and cheaper than existing products. The result is devastating...

The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose information about their innovative productivity. It creates a free-rider effect in the competition for the innovation that countervails the familiar business-stealing effect....