Causes of Hypercompetition
Accelerating Pace of Technological Change
- Surge in Base Technologies with Wide Application
- Microprocessors, Software, Fiber Optics, Biotechnology, Composite Materials
- R&D Investment at Historical High
- Innovation Begets Innovation
- Positive Feedback Loop
- Innovation Creates New Opportunities and Destroys Old Positions
- Holding onto Opportunities Requires More Innovation
- Increased Competitive Pressures