Strategic dimensions of cyclical industrial dynamics: a study of the semiconductor industry

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Abstract

In industries that display cyclical industrial dynamics, such as the Semiconductor industry and Flat Panel Display industry, firms are forced to strategize around upturns and downturns. Some firms such as Intel and Texas Instruments have learnt how to seize advantages from such fluctuations, to launch new business ventures and products or to restructure their operations during downturns. In the Flat Panel Display industry, firms seeking to enter the industry have learnt to time their entry to coincide with downturns. Such counter-cyclical investment strategies are lending firms that master them significant advantages. This article builds on a dynamic approach to strategy to capture the principal features of strategizing during upturns and downturns, and in particular demonstrates the rewards flowing to firms that engage in counter-cyclical investment strategies.
Original languageEnglish
Title of host publicationDRUID 25th Celebration Conference 2008 on Entrepreneurship and Innovation
Subtitle of host publicationorganizations, institutions, systems and regions : June18-20, 2008 : proceedings
Place of PublicationCopenhagen
PublisherDanish Research Unit for Industrial Dynamics
Pages1-31
Number of pages31
Publication statusPublished - 2008
EventDRUID Celebration Conference (25th : 2008) - Copenhagen
Duration: 18 Jun 200820 Jun 2008

Conference

ConferenceDRUID Celebration Conference (25th : 2008)
CityCopenhagen
Period18/06/0820/06/08

Keywords

  • industry cycle
  • business cycle
  • industrial dynamics
  • pro-cyclical investment
  • counter-cyclical investment
  • entry strategy

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