The Evolution of Corporate Capabilities in Emerging Technologies

William F. Hamilton and Harbir Singh
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William F. Hamilton: The Wharton School, University of Pennsylvania, 3611 Locust Walk, Philadelphia, Pennsylvania 19104-6222
Harbir Singh: The Wharton School, University of Pennsylvania, Suite 2000, Steinberg Hall-Dietrich Hall, 3620 Locust Walk, Philadelphia, Pennsylvania 19104-6370

Interfaces, 1992, vol. 22, issue 4, 13-23

Abstract: The evolution of the capabilities of firms in emerging technological fields depends upon the progress of technological development. The strategies firms in these fields employ change as the field evolves. Over time, the strategic resources they commit evolve from broad and exploratory investments oriented towards research to focused, more substantial investments directed towards establishing their competitive positions. Firms' dependence on external alliances also shifts over time, decreasing as the field evolves.

Keywords: strategy; industries: biotechnology (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:22:y:1992:i:4:p:13-23

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