ABSTRACT

The central aim of this book is to examine the role of strategic visions of technologies and markets in influencing the links between rapid technology change and market structure. Our thesis is that the connections between technological change and market structure cannot be fully understood unless the role of strategic visions is appreciated. We argue that this perspective offers a way of resolving some of the puzzles that have arisen in the theoretical and empirical analysis of the relationship between technology change and market structure. If this argument is accepted, it is then apparent that strategic visions play a central role in corporate strategy and industrial policy.