Question:
Different dimensions have been used to distinguish between types of innovations. Some of the most widely used dimensions include product versus process innovation, radical versus incremental innovation, competence-enhancing versus competence-destroying innovation, and architectural versus component innovation.
Respond to the following:
What are some reasons that established firms might resist a new technology?
Is the type of innovation a factor determining the resistance to new technology? If yes, in what way? Give an example to support your answer.