ADMS 1000 Lecture Notes - Lecture 6: Wintel, Dominant Design, Technology Life Cycle

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Week 7 - the competitive and technological context. Such has how old industries look compared to newer industries. How they start up, grow up and then after that they grow old. Some have longer life spans, others much shorter. Number of competitors follows an inverted u-shaped curve (figure 6. 1) Each stage affects competition, organization structure, strategy so that different types of firms tend to be the leaders at different stages. Nascent industries are highly uncertain and risky and some never make it past the early stage (e. g satellite communications) Early entrants are small, entrepreneurial firms with a high degree of technological innovation as competitors search for the industry"s dominant design and standard (e. g automobiles) New industries seek legitimacy (that this is okay, that this is real) through collective action and institutional entrepreneurship. collective action and institutional entrepreneurship. Despite the increased competition, the entre of large incumbent firms into new markets helps legitimize the new industry.