The field of Strategic Management has explored a range of new
questions regarding technical change, firm capabilities, and
executive decision-making, producing insights into the development
of firms and unfolding of competition over time. These insights
point to the importance of industry context and technical change,
but little research deals systematically with the interaction
between such contingencies and strategic choice.
This volume explores the relationship between business strategy
and the industry lifecycle competitive interaction. The
contributors to this volume ask, "What kinds of firm capabilities
are required to compete effectively in the various stages of the
industry lifecycle?." Rather than focusing on generalized
principles of interaction, they ask, "How do firms build these
capabilities, and where to they come from?." Their answers expand
our understanding of the relationships between industry evolution,
technical change, and business strategy, as well as industry life
cycle itself.
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