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- TitleInter-industry innovations in terms of electric mobility : Should firms take a look outside their industry?
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- Is part ofJournal of Business Chemistry, Issue Journal of Business Chemistry, page 67-87
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- AnnotationSection "Research Paper"
- LanguageEnglish
- Document typeJournal Article
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Abstract
The beginning electrification of the automotive powertrain is supposed to have a major impact on the automobile value chain - reshaping it significantly and bringing up new alliances, business models and knowledge bases. Such a transformation of the value chain might fade boundaries between hitherto distinct knowledge bases, technologies, or industries. Over the past decades, the blurring of industry boundaries - the phenomenon of industry convergence - has gained attention from researchers and practitioners. The anticipation of a convergence process plays an important role for strategic and innovation management decisions, e.g. for new business development, mergers and acquisitions or strategic partnerships. However, despite the relevance of convergence, it is often challenging for incumbent firms to (i) foresee such a transformation of their environment, and (2) respond strategically to it. Hence, this study presents a tool to anticipate convergence and strategic implications are discussed.
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