Search

This paper analyzes the determinants of incumbent failure using the game theory. In the suggested schema, an entrant firm decides to confront a monopolist firm by offering second-generation technology. The firm with the monopoly offers first-generation technology so it must decide whether to enter second-generation technology into the market or not. The paper concludes that the share of the existing market and the expected magnitude of the demand that will remain with the older technology are barriers against an established firm deciding to invest in an innovation. The probability that an established firm would invest in such innovation is inverse to the entrant firm's probability of success, to the amount of the investment, and to the magnitude of the profits that the established firm would make with its current product if the entrant company is successful. The article illustrates the theoretical exposition by using the results of introducing mobile cellular telephony in the telecommunications industry in Colombia [ABSTRACT FROM AUTHOR]

The main objective of this paper is to develop conceptual models of cultural traits, Colombian characteristics, work behavior and processes, to determine the factors that resulted from a qualitative study on supporting attitudes and impeding attitudes regarding creativity in the workplace in certain Colombian companies. Data analysis of the interviewees' statements produced 16 categories, such as ownership, trust building, support, influence management standards, envy / jealousy, and voluntary creativity. Some of these categories were incorporated into the conceptual models. In addition, several of the interviewees explicitly referred to Colombian culture promoting or smothering creativity in the workplace. The authors conclude by saying that it is rare to find structured descriptions that indicate a link between cultural characteristics and forms of thinking, feeling or behaving, which have an effect on issues of administrative importance. These potential explanations suggest that cultural climates influence behavior and, therefore, it is necessary to explore their possible origins. [ABSTRACT FROM AUTHOR]