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Storm Clouds and Silver Linings: Responding to Disruptive Innovations Through Cognitive Resilience

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Author
Dewald, Jim
Bowen, Frances
Accessioned
2010-10-28T21:55:24Z
Available
2010-10-28T21:55:24Z
Issued
2010
Type
journal article
Metadata
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Abstract
Incumbent firms facing disruptive business model innovations must decide whether to respond through inaction, resistance, adoption, or resilience. We focus on resilient responses to simultaneous perceived threat and opportunity by managers of small incumbent firms. Using cognitive framing arguments, we argue that risk experience moderates perceptions of opportunity, whereas perceived urgency moderates situation threat. We test our framework in the real estate brokerage context, where small incumbents face considerable challenges from disruptive business model innovations, such as discount brokers. Analysis of data from 126 real estate brokers broadly confirms our fraframework. We conclude with implications of our research for small business incumbents.
Notes
This is the pre-peer-reviewed version of the following article: Dewald, Jim; Bowen, Frances. "Storm clouds and silver linings: responding to disruptive innovation through cognitive resilience." Entrepreneurship: Theory& Practice, Jan 2010, Vol. 34 Issue 1, p 197-218, which has been published in final form at http://www.wiley.com/bw/journal.asp?ref=1042-2587.
Refereed
Yes
Article deposited according to publisher policy in Sherpa/RoMEO, Oct. 4, 2010. This is a pre print file as per the journal publisher's requirements.
 
Citation
Dewald, J. and Bowen, F. E. (2010), “Storm clouds and silver linings: responding to disruptive innovations through cognitive resilience”, Entrepreneurship Theory and Practice, 34(1): 197-218.
Corporate
University of Calgary
Faculty
Haskayne School of Business
Hasversion
Post-print
Url
http://www.wiley.com/bw/journal.asp?ref=1042-2587
Publisher
Wiley-Blackwell
Doi
http://dx.doi.org/10.11575/PRISM/34051
Uri
http://hdl.handle.net/1880/48241
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  • Haskayne School of Business Research & Publications

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