Responding to continued calls for a “circumstance-contingent theory of incumbent response” (Christensen, et al, 2018), this paper develops a formal model of incumbent response to disruptive entry. After developing a typology of incumbent responses identified in prior work, the paper...

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...