Abstract
Abstract This paper combines a resource-based perspective with a dynamic, evolutionary perspective to study firm and industry evolution. The technological competencies of firms and the technological requirements of products are projected onto a map of technology space where respective positions can be studied as a function of time. The potential of the developed approach is demonstrated by shedding new light on the mobile phone industry from 1993 to 2012, comparing new entrants Apple and Google with incumbents Ericsson, Motorola, Nokia, and RIM. Findings highlight the importance of firms’ abilities to orient and situate themselves in their dynamic environments and to recognize and act upon opportunities and threats that result from evolving technological supply and demand.
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