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Industrial evolution through complementary convergence: the case of IT security

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  • Jens Frøslev Christensen

Abstract

The article addresses the dynamics through which product markets become derailed from early product life cycle (PLC)-tracks and engaged in complementary convergence with other product markets or industries. We compare and contrast the theories that can explain, respectively, the PLC and the derailing of this cycle into a process of complementary convergence. The article challenges the standard industry conception and proposes a distinction between the emergent industrial sector, the emergent product market (or niche) and the industry as a more well-established entity. Based on empirical evidence from the IT security sector, two trajectories of complementary convergence are identified, "lower-order integration", the integration of different product markets in a sectoral context, and "higher-end integration", the integration of product markets into the offerings of established industries. While young ventures dominate lower-order integration, incumbents in established industries dominate higher-order integration. For both trajectories mergers and acquisitions represent a central means for realizing convergence. Copyright 2011 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Jens Frøslev Christensen, 2011. "Industrial evolution through complementary convergence: the case of IT security," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(1), pages 57-89, February.
    • Handle: RePEc:oup:indcch:v:20:y:2011:i:1:p:57-89
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    File URL: http://hdl.handle.net/10.1093/icc/dtq068
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    Cited by:

    1. Buljan, Ante & Spremić, Mario, 2019. "Cluster Analysis of IT Security Risks in Chosen Sectors," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2019), Rovinj, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019, pages 563-570, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    2. Zhang, Marina Yue & Williamson, Peter, 2021. "The emergence of multiplatform ecosystems: insights from China's mobile payments system in overcoming bottlenecks to reach the mass market," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    3. Hans van Kranenburg & Gerrit Willem Ziggers, 2013. "Dynamic competition and ambidexterity," Chapters, in: Ruth Towse & Christian Handke (ed.), Handbook on the Digital Creative Economy, chapter 6, pages 57-66, Edward Elgar Publishing.
    4. Jianjia He & Danyuan Wang, 2023. "Impact of Economic Policy Uncertainty on Industrial Convergence: Evidence from China," Sustainability, MDPI, vol. 15(13), pages 1-15, June.

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