Skip to main content
Erschienen in: BHM Berg- und Hüttenmännische Monatshefte 9/2017

03.08.2017 | Originalarbeit

Technological M&A for Core Technology Change: A Feasible Strategy for Incumbent Firms to Overcome the Challenges in the Steel Industry

verfasst von: Jina Kang, John Han, Klaus Marhold

Erschienen in: BHM Berg- und Hüttenmännische Monatshefte | Ausgabe 9/2017

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

Firms in the steel industry facing the declining stage of the industry life cycle need to renew their core technology portfolio. Technological M&A is a popular corporate strategy for core technology change in other high tech industries such as biopharmaceuticals or information and telecommunications. However, the objectives of steel industry M&As are more focused on achieving economies of scale or entering into new markets, and a core technology change has rarely been a purpose of technological M&As in the steel industry. This research introduces technological M&A as a tool for core technology change, especially to the steel industry. Further, comparing with traditional M&A deals of the steel industry, the study suggests key factors for a successful core technology renewal through technological M&As.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Literatur
4.
Zurück zum Zitat Han, J., et al.: Realizing core technological portfolio change through technological M&A, 26th International Association for Management of Technology Conference, IAMOT 2017, Vienna: 2017 Han, J., et al.: Realizing core technological portfolio change through technological M&A, 26th International Association for Management of Technology Conference, IAMOT 2017, Vienna: 2017
5.
Zurück zum Zitat Ahuja, G.; Katila, R.: Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study, Strategic Management Journal, 22 (2001), no 3, pp 197–220CrossRef Ahuja, G.; Katila, R.: Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study, Strategic Management Journal, 22 (2001), no 3, pp 197–220CrossRef
6.
Zurück zum Zitat Argote, L.; Miron-Spektor, E.: Organizational learning: From experience to knowledge, Organization Science, 22 (2011), no 5, pp 1123–1137CrossRef Argote, L.; Miron-Spektor, E.: Organizational learning: From experience to knowledge, Organization Science, 22 (2011), no 5, pp 1123–1137CrossRef
7.
Zurück zum Zitat Shin, S.R., et al.: Reconfiguring the firm’s core technological portfolio through open innovation: focusing on technological M & A, Journal of Knowledge Management, 21 (2017), no 3, pp 571-591CrossRef Shin, S.R., et al.: Reconfiguring the firm’s core technological portfolio through open innovation: focusing on technological M & A, Journal of Knowledge Management, 21 (2017), no 3, pp 571-591CrossRef
8.
Zurück zum Zitat Freeman, K.; Gopalan, S.; Bailey, J.: Achieving Global Growth through Acquisition: Tata’s Takeover of Corus, Journal of Case Research in Business and Economics, 1 (2009), p 1CrossRef Freeman, K.; Gopalan, S.; Bailey, J.: Achieving Global Growth through Acquisition: Tata’s Takeover of Corus, Journal of Case Research in Business and Economics, 1 (2009), p 1CrossRef
10.
Zurück zum Zitat Yonekura, S.: The Japanese iron and steel industry, 1850–1990: continuity and discontinuity, Springer: 1994CrossRef Yonekura, S.: The Japanese iron and steel industry, 1850–1990: continuity and discontinuity, Springer: 1994CrossRef
11.
Zurück zum Zitat Lee, K.; Ki, J.-h.: Rise of latecomers and catch-up cycles in the world steel industry, Research Policy, 46 (2017), no 2, pp 365–375CrossRef Lee, K.; Ki, J.-h.: Rise of latecomers and catch-up cycles in the world steel industry, Research Policy, 46 (2017), no 2, pp 365–375CrossRef
12.
Zurück zum Zitat Lieberman, M. B.; Kang, J.: How to measure company productivity using value-added: A focus on Pohang Steel (POSCO), Asia Pacific Journal of Management, 25 (2008), no 2, pp 209–224CrossRef Lieberman, M. B.;  Kang, J.: How to measure company productivity using value-added: A focus on Pohang Steel (POSCO), Asia Pacific Journal of Management, 25 (2008), no 2, pp 209–224CrossRef
13.
Zurück zum Zitat Sears, J.; Hoetker, G.: Technological overlap, technological capabilities, and resource recombination in technological acquisitions, Strategic Management Journal, 35 (2014), no 1, pp 48–67CrossRef Sears, J.; Hoetker, G.: Technological overlap, technological capabilities, and resource recombination in technological acquisitions, Strategic Management Journal, 35 (2014), no 1, pp 48–67CrossRef
14.
Zurück zum Zitat Abernathy, W. J.; Utterback, J. M.: Patterns of industrial innovation, Technology review, 80 (1978), no 7, pp 40–47 Abernathy, W. J.; Utterback, J. M.: Patterns of industrial innovation, Technology review, 80 (1978), no 7, pp 40–47
15.
Zurück zum Zitat Jain, A.: Learning by hiring and change to organizational knowledge: Countering obsolescence as organizations age, Strategic Management Journal, 37 (2016), no 8, pp 1667–1687CrossRef Jain, A.: Learning by hiring and change to organizational knowledge: Countering obsolescence as organizations age, Strategic Management Journal, 37 (2016), no 8, pp 1667–1687CrossRef
16.
Zurück zum Zitat Han, J.; Jo, G. S.; Kang, J.: Is high-quality knowledge always beneficial? Knowledge overlap and innovation performance in technological mergers and acquisitions, Journal of Management & Organization, 2016, pp 1–21, doi:10.1017/jmo.2016.35 Han, J.; Jo, G. S.; Kang, J.: Is high-quality knowledge always beneficial? Knowledge overlap and innovation performance in technological mergers and acquisitions, Journal of Management & Organization, 2016, pp 1–21, doi:10.​1017/​jmo.​2016.​35
17.
Zurück zum Zitat Makri, M.; Hitt, M. A.; Lane, P. J.: Complementary technologies, knowledge relatedness, and invention outcomes in high technology mergers and acquisitions, Strategic Management Journal, 31 (2010), no 6, pp 602–628 Makri, M.; Hitt, M. A.; Lane, P. J.: Complementary technologies, knowledge relatedness, and invention outcomes in high technology mergers and acquisitions, Strategic Management Journal, 31 (2010), no 6, pp 602–628
18.
Zurück zum Zitat Nooteboom, B., et al.: Optimal cognitive distance and absorptive capacity, Research Policy, 36 (2007), no 7, pp 1016–1034CrossRef Nooteboom, B., et al.: Optimal cognitive distance and absorptive capacity, Research Policy, 36 (2007), no 7, pp 1016–1034CrossRef
19.
Zurück zum Zitat Ranft, A.: Knowledge preservation and transfer during post-acquisition integration, Advances in Mergers and Acquisitions, 5 (2006), no 1, pp 51–67CrossRef Ranft, A.: Knowledge preservation and transfer during post-acquisition integration, Advances in Mergers and Acquisitions, 5 (2006), no 1, pp 51–67CrossRef
20.
Zurück zum Zitat Ranft, A. L.; Lord, M. D.: Acquiring new knowledge: The role of retaining human capital in acquisitions of high-tech firms, The Journal of High Technology Management Research, 11 (2000), no 2, pp 295–319CrossRef Ranft, A. L.;  Lord, M. D.: Acquiring new knowledge: The role of retaining human capital in acquisitions of high-tech firms, The Journal of High Technology Management Research, 11 (2000), no 2, pp 295–319CrossRef
21.
Zurück zum Zitat Castro-Casal, C.; Neira-Fontela,E.; Álvarez-Pérez, M. D.: Human resources retention and knowledge transfer in mergers and acquisitions; Journal of Management & Organization, 19 (2013), no 2, pp 188–209CrossRef Castro-Casal, C.; Neira-Fontela,E.; Álvarez-Pérez, M. D.: Human resources retention and knowledge transfer in mergers and acquisitions; Journal of Management & Organization, 19 (2013), no 2, pp 188–209CrossRef
Metadaten
Titel
Technological M&A for Core Technology Change: A Feasible Strategy for Incumbent Firms to Overcome the Challenges in the Steel Industry
verfasst von
Jina Kang
John Han
Klaus Marhold
Publikationsdatum
03.08.2017
Verlag
Springer Vienna
Erschienen in
BHM Berg- und Hüttenmännische Monatshefte / Ausgabe 9/2017
Print ISSN: 0005-8912
Elektronische ISSN: 1613-7531
DOI
https://doi.org/10.1007/s00501-017-0666-8

Weitere Artikel der Ausgabe 9/2017

BHM Berg- und Hüttenmännische Monatshefte 9/2017 Zur Ausgabe

Neues aus der Industrie

Neues aus der Industrie

    Marktübersichten

    Die im Laufe eines Jahres in der „adhäsion“ veröffentlichten Marktübersichten helfen Anwendern verschiedenster Branchen, sich einen gezielten Überblick über Lieferantenangebote zu verschaffen.