Managing New Industry Creation: Global Knowledge Formation and Entrepreneurship in High Technology

by Tom Murtha, Jeffrey Hart, Jeffrey A. Hart, et al.

Book Overview

This book concerns industry creation as knowledge creation. The authors argue that a new class of global, knowledge-driven manufacturing industries has emerged in which learning, continuity, and speed define competition. In these new industries, access to knowledge creation processes matters more than ownership of physical assets. Location matters only insofar as it confers learning advantages and market access. Companies need strategies that can...

• Format: Hardcover
• Language: English
• ISBN: 0804742286
• ISBN13: 9780804742283
• Release Date: November 2002
• Publisher: Stanford Business Books
• Length: 288 Pages
• Weight: 1.35 lbs.
• Dimensions: 1.1" x 6.4" x 9.2"

Customer Reviews

Best Understanding of the Flat Panel Industry

This book is the only work I know of which accurately recounts the rise of the flat panel industry and captures the key factors which separated the eventual winners from the rest of the participants. The authors clearly spent a great deal of time interviewing and reinterviewing the key players all around the world, and were able to develop an understanding of this industry which far surpasses the somewhat parochial and simplistic viewpoint we often hear in the U.S. There are many lessons to be learned from the emergence of the flat panel industry (particularly in the U.S.) and this book does a very good job of extracting them from a wealth of insightful observations.

Interesting and Compelling

This book is well-written and gives important insights into competitive and cooperative strategies in areas of rapid technological change. It gives a more insightful analysis than available anywhere else, with quite a bit of applicability to current technological decision making.

Strategic technology alliance: no borders to technology

This book takes a detailed look at the development of Flat Panel Displays and the enormously complex and expensive developments (in science, technology, manufacturing and manufacturing equipment) needed for them. Based on extensive field interviews in the US and Japan, the authors show that no company could have developed the technologies required alone. Instead, a collaborative community of practice of suppliers, manufacturers, scientists, and users had to coalesce, and did, in Japan. Nevertheless, some US firms were critical players: those that collaborated and participated in Japan. This book forces us to rethink simple-minded notions of how and where technology can develop, with profound implications for managing strategy, making trade policy, and understanding increasingly complex high tech strategy.

"Hits the nail on the head for global knowledge management."

"Managing New Industry Creation" mines a richly detailed case study to provide critical insights into how knowledge creation and management are the key to global competitive success. The book provides a blueprint on how to create and sustain advantage by leveraging core competencies through global alliances and markets. Murtha, Lenway, and Hart distill extensive fieldwork in the flat panel display industry through the lens of their strategic management expertise to produce a timely read for executives and researchers.

An important study for anyone involved in a new industry

"Managing New Industry Creation" by Murtha, Lenway and Hart is a narrative not unlike the Search for the Holy Grail or the Golden Fleece, but with an important twist: Flat Panel Displays were found. It is a very well-researched academic work written in a strange language, readable English. The typeface is clear and nicely-leaded for easy reading.The authors' analysis of the history of the flat panel industry becomes a metaphor and an outline for profitable development of emerging industries. Opportunities, problems, disappointments and successes are well-documented. The importance of cooperation with suppliers, competitors and even other cultures is completely noted. Historically taboo management techniques are shown to be necessary when working with industry development.This book is a must-read for all levels of corporate managers involved in industry creation.