“…Previous literature on product innovation mainly focuses more on the innovation characteristics, process mechanism, antecedents and outcomes of a specific new product or a generation of products, but it pays less attention to the continuity of innovation or multiple generational innovations (Fursov and Linton, 2022; Sun and Zou, 2018). Multigenerational product innovation is defined as the development of multiple generations of new products on the basis of improving the functions or technologies of existing products (Jiang et al , 2022; Chen et al , 2021; Hann et al , 2016), which highlights the improvements or extensions of existing products to innovate successive or subsequent products and emphasizes more on linkage and continuity between two generations of products (Chen et al , 2021; Bornemann et al , 2020). By leveraging the existing knowledge or technology for next-generational products in the multigenerational product innovation process, enterprises can obtain cost benefits, accelerate product innovation, enhance their capabilities to resist risks, satisfy the different needs of customer segments and maintain advantages in the industry evolution process (Kim et al , 2021; Chen et al , 2021; Bornemann et al , 2020).…”