Industry Transformation
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Document Type
Contribution to Book
Book Title
Palgrave Encyclopedia of Strategic Management
Editor(s)
Mie Augier and David J. Teece
Description
During an industry’s evolution, events endogenous or exogenous to the industry may disrupt its development and trigger a period of transformation. A transformation period generally evolves through stages: an era of ferment followed by convergence towards a new, relatively stable structure. Industries, however, vary in the pace and severity of the transformation process. Because the way firms compete is altered after transformation begins, incumbents and entrants encounter strategic challenges that differ from those that incumbents faced pre-transformation. Thus, understanding how different sources and patterns of transformation influence competitive heterogeneity is an important line of inquiry in strategy.
Buy Link
https://link.springer.com/referencework/10.1057/978-1-349-94848-2
Find in WorldCat
https://worldcat.org/title/1034551153
ISBN
978-0230537217
Publication Date
2018
Publisher
Palgrave Macmillan
City
London
Keywords
Long-term Market Position, Established Customer, Technological Substitution, Stable Industry Structure, Feature-based Adaptation
Disciplines
Business
Recommended Citation
Madsen, T.,
&
Szyliowicz, D.
(2018).
Industry Transformation.
In Mie Augier and David J. Teece (Eds.), Palgrave Encyclopedia of Strategic Management. London: Palgrave Macmillan
https://scholarlycommons.pacific.edu/esob-facbooks/31
Comments
DOI: 10.1057/978-1-349-94848-2_762-1