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International Journal of Economics & Management Sciences

ISSN: 2162-6359

Open Access

Sailing Ship Effect

Abstract

Abhishek Nainwal

“Necessity is the mother of Invention”. It has been commonly observed that an old technology is improved when a new one takes over it and behind this intense process of improvement often lies an intentional research activity. Also thus begins a competition between the two technologies whose performances are improved via R&D. We frequently look at that a vintage era is improved whilst a new one seems; behind this procedure of development regularly lies an intentional research hobby. There for this reason starts off evolved the opposition among the second technology whose performances are stepped forward via R&D. We focus our interest on this competition method and deliver a proper model, primarily based on the optimization of R&D expenditure of each technology, which could describe the dynamics of the not on time overtaking of the new technology over the older one. This article investigates whether or not companies react to a thorough technological substitution hazard through a planned acceleration of innovation in their current technology - the 'Sailing Ship Effect'. There were repeated claims that the effect has been good sized as a source of innovation. It is usually recommended that the characteristics of ancient, technological substitution techniques prompt misinterpretation based totally on superficial information. The cause of this take a look at is to make a contribution to a higher know how of the strategic and organizational configuration that group can use to generate value with product market systems and their commercial enterprise fashions which have been dominant inside the past however compelled lower back into new positions by innovation. Also, the present work is to research the so-known as sailing ship effect. What is supposed via this word is that manner wherein the appearance of a new era engenders a response geared toward enhancing the incumbent generation. This phenomenon has been discovered pretty frequently and every now and then worries key technologies.

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Citations: 6735

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