Journal
STRATEGIC MANAGEMENT JOURNAL
Volume 36, Issue 3, Pages 437-448Publisher
WILEY
DOI: 10.1002/smj.2225
Keywords
entry-timing advantages; categories; first-mover advantage; industry life cycle; dominant design
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Funding
- Direct For Social, Behav & Economic Scie
- Divn Of Social and Economic Sciences [1027408] Funding Source: National Science Foundation
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The optimal time to enter emerging industries is a key concern in strategy, yet scholars struggle to create a theoretical foundation that can integrate conflicting empirical findings. We incorporate categorical dynamics to industry life cycle theory to enhance existing entry timing theories. We introduce the concept of a dominant categorythe conceptual schema that most stakeholders adhere to when referring to products that address similar needs and compete for the same market spacelinking it to the dominant technological design and entry-timing advantages. In particular, we propose the existence of a window of opportunity for firm entry that starts with the emergence of the dominant category and ends with the emergence of the dominant design. (c) 2013 The Authors. Strategic Management Journal published by John Wiley & Sons Ltd.
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