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Industry Life Cycles
Abstract
Evidence on entry, exit, firm survival, innovation and firm structure in new industries is reviewed to assess whether industries proceed through regular cycles as they age. A leading depiction of the evolution of new industries, the product life cycle, is used to organize the evidence. It is shown that the product lift cycle captures the way many industries evolve through their formative eras, but regular patterns occur when industries are mature that are not predicted by the product life cycle. Regularities in entry, exit, firm survival and firm structure are also developed for industries whose evolution departs significantly from the product life cycle. Opportunities for further research on the nature of industry life cycles and the factors that condition which life cycle pattern an industry follows are discussed.
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Cited by
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Felten, E., Raj, M., & Seamans, R. (2021) · Strategic Management Journal · doi:10.1002/smj.3286 · Cited by 574
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Understanding the innovation impacts of public procurement
Uyarra, E., & Flanagan, K. (2010) · European Planning Studies · doi:10.1080/09654310903343567 · Cited by 427
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Markard, J. (2020) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2018.07.045 · Cited by 308
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Jacobides, M. G., & Tae, C. J. (2015) · Organization Science · doi:10.1287/orsc.2014.0958 · Cited by 118
Knowledge Creation and Organizational Capabilities of Innovating and Imitating Firms
Lewin, A. Y., & Massini, S. (2004) · Organizations as Knowledge Systems · doi:10.1057/9780230524545_10 · Cited by 108
Metadata
- Authors
- KLEPPER, S.
- Venue
- Industrial and Corporate Change
- Publisher
- Oxford University Press (OUP)
- Published
- 1997-01-01
- Volume
- 6
- Issue
- 1
- Pages
- 145-182
- ISSN
- 0960-6491 (ISSN-L)
- 1464-3650
- OpenAlex
- W2045567746
- Cited by
- 1,124
- References
- 0
- FWCI
- 11.51
- Type
- journal article
- Language
- en
- Open access
- closed
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