Title: Transition strategies for managing technological discontinuities: lessons from the history of the semiconductor industry
Authors: J.W. Stoelhorst
Addresses: Faculty of Technology & Management, University of Twente, PO Box 217, 7500 AE Enschede, The Netherlands
Abstract: This paper explores the nature of competition under conditions of technological change and asks how firms can manage technological discontinuities. By drawing on the literatures on strategic management and technology dynamics, it is proposed that firms should change the nature of their strategy as a technology matures. This proposition is substantiated on the basis of a historical account of the process of competition in the semiconductor industry. An analysis of competition in the wake of the four technological discontinuities that have shaped the semiconductor industry shows how critical success factors change in relation to technological change. Drawing on the lessons from the history of the semiconductor industry, a model is developed to help established firms manage the transition to a newly emerging technological regime. The paper concludes with a reflection on the nature of competition under conditions of technological change, and its implications for theory development in strategic management
Keywords: strategic management; technology dynamics; technology strategy; competitive dynamics; semiconductors.
International Journal of Technology Management, 2002 Vol.23 No.4, pp.261-286
Published online: 09 Jul 2003 *Full-text access for editors Access for subscribers Purchase this article Comment on this article