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Dynamic catch-up strategy, capability expansion and changing windows of opportunity in the memory industry

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  • Shin, Jang-Sup

Abstract

The memory industry has twice experienced a change of market leadership, from the US to Japan in the early 1980s and from Japan to Korea in the 1990s. More than two decades have now passed, however, without further leadership change. This paper examines the reasons for this and discusses its implications for catch-up strategies and changing windows of opportunity for latecomers. It identifies the catch-up strategy that is imperative in the memory industry as a “dynamic catch-up strategy” and investigates how it worked for Japan and Korea until the middle of the 1990s. It then explores why the strategy later became more difficult to implement successfully.

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  • Shin, Jang-Sup, 2017. "Dynamic catch-up strategy, capability expansion and changing windows of opportunity in the memory industry," Research Policy, Elsevier, vol. 46(2), pages 404-416.
    • Handle: RePEc:eee:respol:v:46:y:2017:i:2:p:404-416
    DOI: 10.1016/j.respol.2016.09.009
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    References listed on IDEAS

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    Cited by:

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    9. Lee, Keun & Ki, Jee-hoon, 2017. "Rise of latecomers and catch-up cycles in the world steel industry," Research Policy, Elsevier, vol. 46(2), pages 365-375.
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    22. Lei Guo & Marina Yue Zhang & Mark Dodgson & David Gann & Hong Cai, 2019. "Seizing windows of opportunity by using technology-building and market-seeking strategies in tandem: Huawei’s sustained catch-up in the global market," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 849-879, September.
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