Managing parallel development towards technological transitions

Tomoatsu Shibata

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

Companies are faced with the challenge of responding to the emergence of new technologies. To reduce uncertainties, there is an incentive for companies to get involved in a new technology while continuing to use their existing technology until final decisions can be made, a strategy called 'parallel development'. Parallel development is good for companies because it provides more options and defers the need for decision making until uncertainties about the new technology are sufficiently reduced. However, parallel development does not just simply consist of developing new technologies alongside existing ones. Moreover, to date there has not been sufficient research into the management of parallel development. This paper will describe a framework of parallel development for successful technological transition, and then illustrate the effectiveness of parallel development through the successful examples of Fanuc, Ltd., and Matsushita Electric Industrial Corporation.

Original languageEnglish
Pages (from-to)281-301
Number of pages21
JournalInternational Journal of Technology Management
Volume60
Issue number3-4
DOIs
Publication statusPublished - 2012 Oct

Keywords

  • Competing technology
  • Fanuc
  • Matsushita electric
  • NC machine tool
  • Parallel development
  • Plasma display
  • Technological change
  • Technological transition

ASJC Scopus subject areas

  • Industrial relations
  • Engineering(all)
  • Computer Science Applications
  • Strategy and Management
  • Law

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