We don't do strategy: Responses to co-evolutionary lock-in in technology ventures
Activity: Talk or presentation types › Invited talk
The co-evolution of firms with their environment creates the danger of ‘lock-in’: The overdependence on a particular technology, industry or group of customers. While the reasons for lock-in to occur are well understood, we don’t know how managers respond. For small firms in particular, such dependence is a reason for failure as firms find it difficult to adapt to new market situations. This paper extends existing theory based on the longitudinal analysis of strategic renewal in a Europe based software company. The paper shows that while firms might respond with commitment to a new strategy (strategic determinacy) they might also deliberately avoid committing to a new strategy (strategic indeterminacy). While indeterminacy has the potential to facilitate renewal the paper also unpacks a number of important challenges. The findings of this paper contribute to the extant debate on co-evolution in strategy process research.
Title | Research Seminar |
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Date | 8/04/16 → 8/04/16 |
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Location | Aalto University Business School |
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City | Helsinki |
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Country/Territory | Finland |
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