Context, technology and strategy : forging new perspectives on the industry life cycle / Anita M. McGahan, Nicholas Argyres, Joel A.C. Baum -- Creating and surviving in new industries / Rajshree Agarwal, Barry L. Bayus -- Do firms change capabilities by hiring new People? a study of the adoption of science-based drug discovery / Nicola Lacetera, Iain M. Cockburn, Rebecca Henderson -- Adaptation of a focused factory to new objectives : the influence of manufacturing requirements and capabilities / Ashok Mukherjee, Will Mitchell, Brian Talbot -- Incumbent survival during market fusion in matured industries : the influence of component and architectural capabilities on the survival of U.S. machine tool manufacturers during 1975-1995 / Raja Roy, Susan K. McEvily -- The distribution of R&D effort in systemic industries : implications for competitive advantage / Sendil Ethiraj, Phanish Puranam -- A demand-based perspective on technology life cycles / Ron Adner -- The two sides of the coin : core competence as capability and obsolescence / Stanislav D. Dobrev, Tai-Young Kim, Luca Solari -- Pre-entry experience and firm performance in the evolution of the U.S. automobile industry / Steven Klepper -- Vertical specialization and industry structure in high technology industries / Jeffrey T. Macher, David C. Mowery -- Coping with decline in dynamic markets : corporate entrepreneurship and the recombinative organizational form / Jeffrey A. Martin, Kathleen M. Eisenhardt -- The exploratory processes of entrepreneurial firms : the role of purposeful experimentation / Fiona Murray, Mary Tripsas -- Incumbents framing : three established companies respond to the internet / Gabriel Szulanski, Yves Doz, Yulia Ovetzky.

The field of Strategic Management has explored a range of new questions regarding technical change, firm capabilities, and executive decision-making, producing insights into the development of firms and unfolding of competition over time. These insights point to the importance of industry context and technical change, but little research deals systematically with the interaction between such contingencies and strategic choice. This volume explores the relationship between business strategy and the industry lifecycle competitive interaction. The contributors to this volume ask, What kinds of firm capabilities are required to compete effectively in the various stages of the industry lifecycle?. Rather than focusing on generalized principles of interaction, they ask, How do firms build these capabilities, and where to they come from?. Their answers expand our understanding of the relationships between industry evolution, technical change, and business strategy, as well as industry life cycle itself.

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