New industries sparked by technological change are characterized by high uncertainty. In this paper we explore how a firm's conceptualization of products in this context, as reflected by product feature choices, is influenced by prior industry affiliation. We study digital cameras introduced...

New industries sparked by technological change are characterized by high uncertainty. In this paper we explore how a firm's conceptualization of products in this context, as reflected by product feature choices, is influenced by prior industry affiliation. We study digital cameras introduced...

A large body of literature has explored the challenges of technological change for established firms. Much of this work has focused on factors internal to firms, such as inertial routines or managers' cognitive limitations that constrain incumbents' development of new capabilities and response...