Main description: There's a scene in Lewis Carroll's Through the Looking Glass in which the Red Queen, having just led a chase with Alice in which neither seems to have moved from the spot where they began, explains to the perplexed girl: "It takes all the running you can do, to keep in the same...

Many organizational populations display increasing variation over time in characteristics thought to be central to survival, as we show here for hard disk drive producers. We develop a simple model that might account for this pattern. In it, technological advance follows a trajectory consistent...

While radical technological change is often characterized as hazardous, particularly to incumbents, incremental technological change has appeared to be immune from such risks. Little attention has been given to the possibility that under some circumstances incremental technological change can be...