Evolution of industry convergence and corporate innovation strategy산업융합의 진화와 기업혁신전략

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Industries evolve through their life cycles due to the impacts of innovation and environmental changes, entailing an irreversible transformation of competitive dynamics, organizational variety, and industrial structure. This phenomenon has been expanded and accelerated by industry convergence that is defined as the process of blurring boundaries between previously distinct industries. In this turbulence, firms have inherently experienced great technological and market uncertainty and volatility in terms of rapid product innovation, obsolescence, and market saturation. Correspondingly, to be competitive in this industrial environment, firms have pursued technology or product convergence, which eventually leads to industry convergence. Although researchers have attempted to investigate the convergence phenomenon, their findings are limited to a partial understanding of industry convergence and product convergence. Therefore, this dissertation aims to explore the evolution of industry convergence from the perspective of interorganizational dynamics and the relevant corporate innovation strategy in a convergent product market. To achieve this objective, this dissertation focuses on how to identify and explore the diffusion patterns of industry convergence and what strategy firms should take in a convergent product market. In order to achieve the first objective, I explores these issues by investigating industry convergence in US high-technology industries, using a large set of newspaper articles from 1987 to 2012. I perform a co-occurrence-based analysis to obtain information on industry convergence and estimate its diffusion patterns using an internal-influence logistic model. I find heterogeneous diffusion patterns, depending on convergent-industry pairs and their wide dispersion. In addition, I find that the potential degree of industry convergence is significantly negatively associated with its growth rate, which indicates that a great deal of time will be required for industry convergence between high-technology industries with this high potential to achieve a high degree of convergence. In the second study, I examine how a firm’s product convergence strategy affects market performance for convergent products using U.S. mobile phone market data. I first identify the types of product convergence based on whether products that were once distinctive converged symmetrically as well as partially or fully. By focusing on asymmetric product convergence, I find that architectural product convergence achieves higher market performance than radical product convergence. Moreover, when firms diversified to create a market of products were formerly unrelated, that is, inclusive product convergence, they achieve higher market performance than when the firms did not diversify, that is, additive product convergence.
Advisors
Kim, Wonjoonresearcher김원준researcher
Description
한국과학기술원 :기술경영전문대학원,
Publisher
한국과학기술원
Issue Date
2017
Identifier
325007
Language
eng
Description

학위논문(박사) - 한국과학기술원 : 기술경영전문대학원, 2017.2,[iv, 70 p. :]

Keywords

Industry evolution; Diffusion model; Industry convergence; Product convergence; Convergence innovation types; 산업진화; 확산모형; 산업융합; 제품융합; 융합혁신유형

URI
http://hdl.handle.net/10203/241728
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=675662&flag=dissertation
Appears in Collection
ITM-Theses_Ph.D.(박사논문)
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