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The word "incumbent" is derived from the Latin verb incumbere, literally meaning "to lean or lay upon" with the present participle stem incumbent-, "leaning a variant of encumber, [1] while encumber is derived from the root cumber, [2] most appropriately defined: "To occupy obstructively or inconveniently; to block fill up with what hinders freedom of motion or action; to burden, load."
Success is not a requirement and some business can be disruptive but fail; New firm's business model differs significantly from incumbent [17] Christensen continues to develop and refine the theory and has accepted that not all examples of disruptive innovation perfectly fit into his theory.
Strategic excess capacity may be established to either reduce the viability of entry for potential firms. [5] Excess capacity take place when an incumbent firm threatens to entrants of the possibility to increase their production output and establish an excess of supply, and then reduce the price to a level where the competing cannot contend.
An incumbent local exchange carrier is a local exchange carrier (LEC) in a specific area that on the date of enactment of the Telecommunications Act of 1996 , provided telephone exchange service on the date of enactment, was deemed to be a member of the National Exchange Carrier Association pursuant to the Code of Federal Regulations (C.F.R ...
By the time the new product becomes interesting to the incumbent's customers it is too late for the incumbent to react to the new product. At this point it is too late for the incumbent to keep up with the new entrant's rate of improvement, which by then is on the near-vertical portion of its S-curve trajectory.
Local telephone companies at the time of the divestiture are also known as Incumbent Local Exchange Carriers (ILEC). The divestiture created local exchange carriers for the management of local telephone lines and switches, and provisioning of local phone services within their business area, as well as the long-distance calls originating or ...
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A competitive local exchange carrier (CLEC), in the United States and Canada, is a telecommunications provider company (sometimes called a "carrier") competing with other, already established carriers, generally the incumbent local exchange carrier (ILEC).