Dynamic Patterns of Industry Convergence: Evidence from a Large Amount of Unstructured Data

Kim, Namil; Lee, Hyeokseong; Kim, Wonjoon; Lee, Hyun-Jong; Suh, Jong Hwan

doi:10.2139/ssrn.2519054

Cited by 9 publications

(22 citation statements)

References 53 publications

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“…As a prevailing paradigm in the current high-technology industries, industry convergence increases connectivity and compatibility between converging industries [10]. Ultimately, industry convergence introduces substitute or complementary offerings that cause creative destruction in related markets [8,22,23].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Ultimately, industry convergence introduces substitute or complementary offerings that cause creative destruction in related markets [8,22,23]. It eventually triggers a transformation from a traditional industry to a newly restructured industry, altering the nature of competitive, cooperative, and regulatory interactions [8,10,24,25]. Firms that cannot effectively adapt to the restructured industrial environment fail in market competition and, eventually, lose their market position.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In this regard, existing studies examine the sources of industry convergence and suggest two major precursors of industry convergence: first, technology convergence [1,9,14,26,27] and, second, applicational convergence [5,10,23,[28][29][30][31][32] (other researchers call this type of convergence "market convergence" [1,7,15]). Technology convergence generated by the combination of extant technologies replaces established technological paradigms, resulting in industry convergence that will disrupt the value chain of the existing industry [10].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Technology convergence generated by the combination of extant technologies replaces established technological paradigms, resulting in industry convergence that will disrupt the value chain of the existing industry [10]. Applicational convergence occurs when market competition promotes firms' technological innovation [33], which eventually overshoots the market at some point [34].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Therefore, it demonstrates various diffusion trends, for example, some industries are continuously converging (i.e., evolutionary convergence) or are sometimes stagnant in its development (i.e., stationary convergence) [10]. Other industries that previously converged can diverge later (i.e., divergence) [10]. In particular, evolutionary convergence needs to be examined more closely with respect to which trends they demonstrate over time because it is the main type of convergence.…”

Section: Literature Reviewmentioning

confidence: 99%

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Diffusion Patterns in Convergence among High-Technology Industries: A Co-Occurrence-Based Analysis of Newspaper Article Data

et al. 2016

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Firms in high-technology industries have faced great technological and market uncertainty and volatility in the past few decades. In order to be competitive and sustainable in this environment, firms have been pursuing technological innovation, product differentiation, vertical integration, and alliances, which eventually drive industry convergence, defined as the process of blurring boundaries between previously distinct industries. Although industry convergence has greatly affected industrial structure and the economy, little research has investigated this phenomenon, especially its diffusion patterns; thus, it is still unclear which industries are converging more rapidly or have a higher potential for convergence. This paper explores these issues by investigating industry convergence in U.S. high-technology industries, using a large set of newspaper articles from 1987 to 2012. We perform a co-occurrence-based analysis to obtain information on industry convergence and estimate its diffusion patterns using an internal-influence logistic model. We find heterogeneous diffusion patterns, depending on convergent-industry pairs and their wide dispersion. In addition, we find that the potential degree of industry convergence is significantly negatively associated with its growth rate, which indicates that a great deal of time will be required for industry convergence between high-technology industries with this high potential to achieve a high degree of convergence.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 3 more Smart Citations

Diffusion Patterns in Convergence among High-Technology Industries: A Co-Occurrence-Based Analysis of Newspaper Article Data

et al. 2016

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Industry convergence as a strategy for achieving sustainable development of agricultural complex: The case of Sandun‐Lanli in China

2020

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The purpose of the paper is to conceptualize and provide empirical evidence for the adoption of industry convergence strategy to sustainably develop the agricultural complex (AC) as a form of multifunctional agriculture in the Chinese context, which aims to achieve environmental sustainability in agricultural production and promotion of farmers' income and employment opportunities. A longitudinal single‐case study method was adopted. Thirty‐six face‐to‐face interviews were carried out with key respondents from various levels and types of government agencies, the Wu‐Sheng Company, and village collectives; participative observations were conducted during the fieldwork between 2016 and 2019. We found sustainability is embedded in and achieved through the industry convergence strategies of AC in the rural area of China. We are the first to formally define AC, propose the four‐stage industry convergence strategies of Wu‐Sheng in the process of developing the AC, and build connection between the AC and sustainable development. The case provides important, rich insights into the AC, industry convergence, and agricultural land use policy and therefore has enormous implications for agricultural companies as well as governments.

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Industry 4.0 and circular economy: An exploratory analysis of academic and practitioners' perspectives

et al. 2020

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The union between Industry 4.0 and the circular economy (CE) appears relatively recent. In this sense, new trading zones for sharing a common scenario among academics and practitioners are needed. The paper aims to investigate the link between Industry 4.0 and the CE by understanding how Industry 4.0 can foster the impact of the CE on companies. The study proposes a broader perspective that includes thematic and content analysis gathering data on professional documents based on business cases, newspaper articles, press releases and specialised blogs, as well as scientific papers. The joint academic‐practitioners view highlights how Industry 4.0 has the potential to impact on the CE through countless actions: increasing waste disposal; promoting remanufacturing; enhancing the efficiency of critical resources such as water, energy, gas and CO2; and improving business models and the mission of companies. However, barriers still exist in its adoption, stressing the need for holistic and integrated design and a proactive environment of collaboration among stakeholders. Results lead to practical as well as research implications.

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Dynamic Patterns of Industry Convergence: Evidence from a Large Amount of Unstructured Data

Cited by 9 publications

References 53 publications

Diffusion Patterns in Convergence among High-Technology Industries: A Co-Occurrence-Based Analysis of Newspaper Article Data

Diffusion Patterns in Convergence among High-Technology Industries: A Co-Occurrence-Based Analysis of Newspaper Article Data

Industry convergence as a strategy for achieving sustainable development of agricultural complex: The case of Sandun‐Lanli in China

Industry 4.0 and circular economy: An exploratory analysis of academic and practitioners' perspectives

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