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Dynamic catch-up strategy, capability expansion and changing windows of opportunity in the memory industry

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  • Shin, Jang-Sup

Abstract

The memory industry has twice experienced a change of market leadership, from the US to Japan in the early 1980s and from Japan to Korea in the 1990s. More than two decades have now passed, however, without further leadership change. This paper examines the reasons for this and discusses its implications for catch-up strategies and changing windows of opportunity for latecomers. It identifies the catch-up strategy that is imperative in the memory industry as a “dynamic catch-up strategy” and investigates how it worked for Japan and Korea until the middle of the 1990s. It then explores why the strategy later became more difficult to implement successfully.

Suggested Citation

  • Shin, Jang-Sup, 2017. "Dynamic catch-up strategy, capability expansion and changing windows of opportunity in the memory industry," Research Policy, Elsevier, vol. 46(2), pages 404-416.
  • Handle: RePEc:eee:respol:v:46:y:2017:i:2:p:404-416
    DOI: 10.1016/j.respol.2016.09.009
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    References listed on IDEAS

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    Cited by:

    1. Lee, Keun & Malerba, Franco, 2017. "Catch-up cycles and changes in industrial leadership:Windows of opportunity and responses of firms and countries in the evolution of sectoral systems," Research Policy, Elsevier, vol. 46(2), pages 338-351.
    2. Landini, Fabio & Lee, Keun & Malerba, Franco, 2017. "A history-friendly model of the successive changes in industrial leadership and the catch-up by latecomers," Research Policy, Elsevier, vol. 46(2), pages 431-446.
    3. Tiago Couto Porto & Keun Lee & Sunil Mani, 2021. "The US–Ireland–India in the catch-up cycles in IT services: MNCs, indigenous capabilities and the roles of macroeconomic variables," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 59-82, March.
    4. Lee, Keun & Ki, Jee-hoon, 2017. "Rise of latecomers and catch-up cycles in the world steel industry," Research Policy, Elsevier, vol. 46(2), pages 365-375.
    5. Jiang Wei & Ding Wang & Yang Liu, 2018. "Towards an asymmetry-based view of Chinese firms’ technological catch-up," Frontiers of Business Research in China, Springer, vol. 12(1), pages 1-13, December.
    6. Yijia Chen & Robert Hassink, 2019. "Multi-scalar knowledge bases for new regional industrial path development: Toward a typology," PEGIS geo-disc-2019_10, Institute for Economic Geography and GIScience, Department of Socioeconomics, Vienna University of Economics and Business.
    7. Figueiredo, Paulo N. & Cohen, Marcela, 2019. "Explaining early entry into path-creation technological catch-up in the forestry and pulp industry: Evidence from Brazil," Research Policy, Elsevier, vol. 48(7), pages 1694-1713.
    8. Yuzhe Miao & Jaeyong Song & Keun Lee & Chuyue Jin, 2018. "Technological catch-up by east Asian firms: Trends, issues, and future research agenda," Asia Pacific Journal of Management, Springer, vol. 35(3), pages 639-669, September.
    9. Kwak, Kiho & Kim, Namil, 2020. "Concentrate or disperse? The relationship between major customer concentration and supplier profitability and the moderating role of insider ownership," Journal of Business Research, Elsevier, vol. 109(C), pages 648-658.
    10. Guo, Yanting & Zheng, Gang, 2019. "How do firms upgrade capabilities for systemic catch-up in the open innovation context? A multiple-case study of three leading home appliance companies in China," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 36-48.
    11. Lei Guo & Marina Yue Zhang & Mark Dodgson & David Gann & Hong Cai, 2019. "Seizing windows of opportunity by using technology-building and market-seeking strategies in tandem: Huawei’s sustained catch-up in the global market," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 849-879, September.

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