This paper examines the evolution of the personal computer industry in Japan and compares it to that of the US. We examine the interplay of broad institutional factors, technology and firm capabilities and managerial actions. We find that the interaction of technological forces and customer...

In this paper we examine the process by which a standard bearer loses its leading position in a market. We put forth a framework of four factors needed to overturn existing standard bearers, including superior price/performance competition in the context of network externalities, the ability of...