Title

Industry Transformation

Authors

Tammy Madsen, Leavey School of Business
Dara Szyliowicz, University of the PacificFollow

Files

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

Comments

DOI: 10.1057/978-1-349-94848-2_762-1

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