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Firm Strategies in the Machine Tool Industry in the United States and Sweden: Responses to Technological Challenges and Global Competition

Author

Listed:
  • Carlsson, Bo

    (Case Western Reserve University)

Abstract

The machine tool industry, even though it is tiny, is often considered strategic because of its role as supplier of technology to all metalworking industry. In recent years, the machine tool industry in Western countries has had to face major new challenges, especially in the form of new technologies and intensified international competition. The object of the present paper is to examine the basic forces at work in the industry and study the choice of strategy of machine tool firms in response to these challenges. Utilizing the analytical framework developed by Porter, the study is based on in-depth interviews with a dozen machine tool firms in the United States and Sweden.

Suggested Citation

  • Carlsson, Bo, 1984. "Firm Strategies in the Machine Tool Industry in the United States and Sweden: Responses to Technological Challenges and Global Competition," Working Paper Series 134, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0134
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    File URL: https://www.ifn.se/wfiles/wp/wp134.pdf
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    References listed on IDEAS

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    1. repec:ilo:ilowps:222457 is not listed on IDEAS
    2. Watanabe, S.,, 1983. "Market structure, industrial organisation and technological development : the case of the Japanese electronics-based NC-machine tool industry," ILO Working Papers 992224573402676, International Labour Organization.
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    Cited by:

    1. Raja Roy & Susan K. Cohen, 2017. "Stock of downstream complementary assets as a catalyst for product innovation during technological change in the U.S. machine tool industry," Strategic Management Journal, Wiley Blackwell, vol. 38(6), pages 1253-1267, June.
    2. Roy, Raja & Cohen, Susan K., 2015. "Disruption in the US machine tool industry: The role of inhouse users and pre-disruption component experience in firm response," Research Policy, Elsevier, vol. 44(8), pages 1555-1565.

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    More about this item

    Keywords

    Firm strategies; technological challenges; global competition;
    All these keywords.

    JEL classification:

    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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