2012
DOI: 10.1002/smj.2007
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The power of imperfect imitation

Abstract: We examine the power and limitations of imitation. Naive intuition may hold that the efficacy of imitation would be diminished by imperfections in copying high‐performing firms. Employing a computational model, we study the dynamics of imitation when firms are subject to bounded rationality that limits their ability to copy the market leader. We find that imperfect imitation can generate unexpectedly good outcomes for follower firms—indeed, better than the outcomes achieved if they were perfect imitators. More… Show more

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Cited by 135 publications
(93 citation statements)
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References 37 publications
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“…On the one hand, organizations seek to practice (Ansari et al, 2010). On the other hand, organizations strive to encourage effectiveness (Posen, Lee & Yi, 2013) or facilitate innovation (Canato et al, forthcoming). allowing for variation?…”
Section: Introductionmentioning
confidence: 99%
“…On the one hand, organizations seek to practice (Ansari et al, 2010). On the other hand, organizations strive to encourage effectiveness (Posen, Lee & Yi, 2013) or facilitate innovation (Canato et al, forthcoming). allowing for variation?…”
Section: Introductionmentioning
confidence: 99%
“…For Posen et al (2013), the perfect imitation represents the unilateral uptake of a flow of information from the innovative organization to the imitative organization. Only information and knowledge from an innovator are included in the process of a total imitation.…”
Section: Total Imitationmentioning
confidence: 99%
“…With a pure imitation, an organization can never achieve a competitive advantage (Posen & al., 2013). According to this author, the acquisition of a competitive advantage depends on the type imitation.…”
Section: Partial Imitationmentioning
confidence: 99%
“…It is not difficult to see that changes in the technological environment that drive new product introductions are often central to the types of moves that drive Red Queen competition. For example, recent studies in the imitation and technology innovation literature (Argyres, Bigelow, & Nickerson, 2015;Giachetti & Lanzolla, 2016;Madhok, Li & Priem, 2010;Posen, Lee, & Yi, 2013) show that as industries evolve, changes in technologies and subsequently their diffusion can influence rates of imitation. Their observation complements prior work by authors such as Utterback and Suarez (1993), who point out that as the industries mature, they tend to transition from high to low levels of product technology heterogeneity, where low levels of product technology heterogeneity correspond to the emergence of design dominance.…”
Section: "Once We Become Self-consciously Aware That the Possibilitiementioning
confidence: 99%
“…Recent studies in the strategy and technology innovation literature (Argyres, Bigelow & Nickerson, 2015;Giachetti & Lanzolla, 2016;Madhok et al, 2010;Posen et al, 2013) suggest that evolving industry characteristics, in particular changes that are caused by the environment. This in turn constrains the firms' ability to learn from rivals, reducing effectiveness of imitation as a competitive weapon.…”
Section: The Moderating Effect Of Product Technology Heterogeneity Inmentioning
confidence: 99%