The Resource Strategic choices in converging industries, by Fredrik Hacklin, Boris Battistini and Georg von Krogh

Strategic choices in converging industries, by Fredrik Hacklin, Boris Battistini and Georg von Krogh

Label
Strategic choices in converging industries
Title
Strategic choices in converging industries
Statement of responsibility
by Fredrik Hacklin, Boris Battistini and Georg von Krogh
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
In the relentless evolution of technology and markets, many industries are in the midst of major reconfigurations of their fundamental architectures and how companies capture value. When industries converge, companies that were in seemingly unrelated businesses can become rivals. Managers need to recognize the different drivers and the types of strategic choices that are available to them. Turning a blind eye as the industry's ecosystem begins to change can be costly. Perhaps the most dramatic example of industry convergence is in telecommunications, information technology, media and entertainment, which many people now refer to as a single field, the "TIME" industries. This article is based in part on interviews at 26 companies in these industries. The authors identify four main drivers of industry convergence: technological advancement, open architectures and standards, policy and regulatory reforms, and changes in customer expectations and preferences. In addition, the authors describe four strategies companies have used to sustain growth in converging industries: technology pioneer, market attacker, ecosystem aggregator and business remodeler. Technology Pioneer Technology pioneers enter the market early and make strategic choices on the appropriate technological specialization as well as the control of intellectual property. New ventures following this path recognize that they need to demonstrate the technological potential of their inventions and evaluate the conditions for early customer adoption. Successful technology pioneers pursue these goals by driving standards, becoming the technology of choice and negotiating nonexclusive licenses. Market Attacker Market attackers try to exploit the commercial application of advanced technologies and tap into revenue opportunities generated by the fragmentation of well-established value chains. A particularly effective strategy is to team up with an incumbent and collaborate vertically in the value chain. This often involves three steps: establishing relationships with partners; consolidating the engagement model; and extending their partnerships, weighing different paths to expand scale and reach. Ecosystem Aggregator Ecosystem aggregators attempt to exploit the market opportunities resulting from a wave of emerging technologies. Typically, they are incumbents in the industry and leverage their competences and market experience to establish an innovation platform aimed at complementary pr..
Member of
Is part of
Cataloging source
UMI
http://library.link/vocab/creatorName
Hacklin, Fredrik
Illustrations
illustrations
Index
no index present
LC call number
HD2746.5
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Battistini, Boris
  • Von Krogh, George
  • Massachusetts Institute of Technology
http://library.link/vocab/subjectName
  • Consolidation and merger of corporations
  • Corporate reorganizations
  • Business planning
  • Business planning
  • Consolidation and merger of corporations
  • Corporate reorganizations
Label
Strategic choices in converging industries, by Fredrik Hacklin, Boris Battistini and Georg von Krogh
Instantiates
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
908405025
Dimensions
unknown
Extent
1 online resource (1 volume)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
cl0500000584
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)908405025
Label
Strategic choices in converging industries, by Fredrik Hacklin, Boris Battistini and Georg von Krogh
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
908405025
Dimensions
unknown
Extent
1 online resource (1 volume)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
cl0500000584
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)908405025

Library Locations

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      38.946102 -92.330125
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