Building Industries by Building Knowledge: Uncertainty Reduction Over Industry Milestones

55 Pages Posted: 22 May 2019 Last revised: 10 Feb 2020

See all articles by Mahka Moeen

Mahka Moeen

University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School

Rajshree Agarwal

University of Maryland - Robert H. Smith School of Business

Sonali Shah

University of Illinois at Urbana-Champaign

Date Written: February 7, 2020

Abstract

Scholars have long been interested in new industry emergence, highlighting that it could often be impeded by uncertainty across four dimensions: technology, demand, ecosystem, and institutions. Building on the insight that uncertainty stems from partial knowledge, we develop a conceptual framework that utilizes a temporal and a process perspective for knowledge generation and aggregation. Industry emergence through key milestones — commercialization, firm takeoff and sales takeoff — is made possible by knowledge generation processes by diverse actors within and across uncertainty dimensions, and knowledge aggregation processes with appending, selecting, and collective mechanisms at play. Our conceptual framework integrates across disciplinary perspectives to shed light on both the development of an industry poised for future growth, and the bottlenecks that may delay or even impede industries from emergence.

Keywords: industry emergence, industry dynamics, nascent industries, emerging industries

Suggested Citation

Moeen, Mahka and Agarwal, Rajshree and Shah, Sonali, Building Industries by Building Knowledge: Uncertainty Reduction Over Industry Milestones (February 7, 2020). Kenan Institute of Private Enterprise Research Paper No. 19-20, Available at SSRN: https://ssrn.com/abstract=3381012 or http://dx.doi.org/10.2139/ssrn.3381012

Mahka Moeen (Contact Author)

University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School ( email )

McColl Building
Chapel Hill, NC 27599-3490
United States

Rajshree Agarwal

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742-1815
United States

Sonali Shah

University of Illinois at Urbana-Champaign ( email )

Wohlers Hall
1206 South Sixth Street
Champaign, IL 61822
United States

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