Firm Strategies in the Machine Tool Industry in the United States and Sweden: Responses to Technological Challenges and Global Competition

Bo Carlsson
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Bo Carlsson: Case Western Reserve University

No 134, Working Paper Series from Research Institute of Industrial Economics

Abstract: The machine tool industry, even though it is tiny, is often considered strategic because of its role as supplier of technology to all metalworking industry. In recent years, the machine tool industry in Western countries has had to face major new challenges, especially in the form of new technologies and intensified international competition. The object of the present paper is to examine the basic forces at work in the industry and study the choice of strategy of machine tool firms in response to these challenges. Utilizing the analytical framework developed by Porter, the study is based on in-depth interviews with a dozen machine tool firms in the United States and Sweden.

Keywords: Firm strategies; technological challenges; global competition (search for similar items in EconPapers)
JEL-codes: F61 L10 O33 (search for similar items in EconPapers)
Pages: 134 pages
Date: 1984-11
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:0134

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