Dynamic Catch-Up Srategy, Capability Expansion and Changing Windows of Opportunity in the Memory Industry

Research Policy, Vol. 46, 2017

GPN Working Paper No. 2015-001

35 Pages Posted: 17 Aug 2018

See all articles by Jang-Sup Shin

Jang-Sup Shin

National University of Singapore

Date Written: May 6, 2015

Abstract

The memory industry experienced two times of technological leadership change, from the US to Japan in 1982 and from Japan to Korea in 1993, and since then there has been no leadership change for more than two decades. This paper examines reasons why this happened and discusses implications for catch-up strategies and changing windows of opportunities for latecomers. It identifies the catch-up strategy imperative in the memory industry as ‘dynamic catch-up strategy’ and investigates how it worked for Japan and Korea. It then explores reasons why the strategy later became more difficult to implement successfully.

Keywords: Catch-up, windows of opportunity, firm strategy, unbalanced growth, the memory industry, Japan, Korea.

Suggested Citation

Shin, Jang-Sup, Dynamic Catch-Up Srategy, Capability Expansion and Changing Windows of Opportunity in the Memory Industry (May 6, 2015). Research Policy, Vol. 46, 2017. Available at SSRN: https://ssrn.com/abstract=3226132

Jang-Sup Shin (Contact Author)

National University of Singapore ( email )

Singapore
Singapore

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