What strategies for subcontractors faced with a reconfigured value chain?[Quelles stratégies pour les sous-traitants face aux reconfigurations des chaines de valeurs ?]

Actions from players who are trying to dominate the process of value creation often punctuate the revamping of the value chain in an industry. But what about businesses in a much more subordinate position in the chain? What strategies guide how they reposition themselves in the market? The patterns whereby French subcontractors in the jewelry business have adapted are described. As changes in the luxury goods business are forcing them to raise questions about their position in this value chain, subcontractors must cope with a series of organizational and strategic tensions. As a function of their range of action, degree of autonomy, know-how and relations with their principals, four types of adaptation have been identified: safeguarding, specialization, cooperation and "coopetition". They evince a diversity of strategic options in situations where ideas might have become fixated.