Specializing in general purpose technologies as a firm long-term strategy

Raffaele Conti, Alfonso Gambardella*, Elena Novelli

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

10 Citations (Scopus)


An important legacy of Nathan Rosenberg's work is the notion of general purpose technologies (GPTs). This paper studies whether and when firms specialize in developing GPTs and trading them in intermediate markets, a strategy we call "specialization in generality." In particular, we address whether and under what contingencies this is a long-term strategy adopted by firms as they age- Against the "common wisdom" that aging firms specialize in downstream product.
Original languageEnglish
Pages (from-to)351-364
Number of pages14
JournalIndustrial and Corporate Change
Issue number2
Publication statusPublished - 1 Apr 2019


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