Firm Strategies and Market Convergence - Duke University's

Firm Strategies and Market Convergence - Duke University's

ID:39420231

大小:1.09 MB

页数:36页

时间:2019-07-02

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1、MarketConvergence&FirmStrategies:TowardsasystematicanalysisJohannesM.PenningsProfessor,ManagementDepartment,WhartonPennings@wharton.upenn.eduPhanishPuranamDoctoralCandidate,ManagementDepartment,Whartonpuranam@management.wharton.upenn.eduTheWhartonSchooloftheUniversityofPe

2、nnsylvania2000Steinberg-DietrichHallPhiladelphia,PA19104-6207Phone:215-898-7755or898-1228,fax:215-898-0401January/February,2000Keywords:convergence,digitalimaging,networkmethodsPaperpresentedattheOrganizationScienceWinterConferenceKeystone,COMarketConvergence&FirmStrategi

3、es:TowardsasystematicanalysisAbstractThispaperseekstoexplorethephenomenonofmarketconvergence-aprocessbywhichmarketsbecomeincreasinglysimilarovertime.Theimpactofthisprocessistoerodemarketboundaries,andcreatestrategicchallengesforfirmsbycausingthemtofaceuptonewsetsoftechnol

4、ogies,needsandcustomers.Inthisresearchwetrytodevelopaframeworktounderstandthedriversofconvergenceandtherolethatfirmstrategiesplayinconvergenceprocesses.Firmsarepronetofallintoacompetencytrapastheyaccumulateintangibleassets,whichhaveconferredacompetitiveadvantage.Somestrat

5、egiesforlearningwillaggravatetheconsequencesofpathdependence,whileothermightdiminishorevensuspendthatdependence.Wereviewacquisitionsandstrategicalliances,whichdifferintheirirreversibility,flexibilityandlevelofcommitmenttonewandremotetechnologiesandcustomers.Wealsoreviewdr

6、iversofconvergenceandincludeswifttriggerssuchasderegulationanddelayedonessuchassocio-economicdevelopmentsandtechnologicalbreakthroughs.Tocomplementourtheorybuilding,wepresentpreliminaryresultsfromtheanalysisofaparticularindustry-digitalimaging,whichisbeingcreatedoutofthec

7、onvergenceofphotography,computerhardware&softwareandelectronics,inanattempttoshowhowtheconvergencephenomenonmaybemeasuredandinvestigatedusingnetworkmethodologies.Weexplorethegrowingcentralityanddensityinanetworkoffour-digitSICindustriesinordertoisolatethespeed,andprogress

8、ionoftechnologicalconvergence.MarketConvergence&FirmStrategies:TowardsasystematicanalysisIntrodu

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