Responding to Structural Industry Changes: A Technological Evolution Perspective

Afuah, A.N. & Utterback, J.M. (1996). Responding to Structural Industry Changes: A Technological Evolution Perspective. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-96-122


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We argue that the search for a dynamic theory of strategy and for a link between the product-market and resource-based views may be incomplete without an exploration of the evolution of the technology that underlies products and heterogeneous firm capability. As technology evolves, so do industry characteristics, products, and critical success factors. Firms without the right capabilities are forced to exit. Thus an industry's structure, attractiveness and the kinds of capabilities that it needs to succeed, may vary over time suggesting different strategies for each phase.

Item Type: Monograph (IIASA Working Paper)
Research Programs: Technological and Economic Dynamics (TED)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:07
Last Modified: 27 Aug 2021 17:15

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