• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Shira. W. Lu
    • Abstracting/ Indexing:  Crossref, Electronic Journals Library , EBSCO
    • E-mail: ijtef.editorial.office@gmail.com
HOME > Archive > 2014 > Volume 5 Number 5 (Oct. 2014) >
IJTEF 2014 Vol.5(5): 414-419 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2014.V5.408

Firms’ Perspective on Technology Relatedness and Adaptation: A Survey on Renewable Energy Firms

Abdullah Kaya, Toufic Mezher, and I-Tsung Tsai

Abstract—This paper investigates firms’ perspective on technology relatedness and adaptation with an intent to understand the dynamics of technology diffusion across industries. The result from a survey on renewable energy firms shows that the surveyed firms are actively monitoring and evaluating the possibility of adapting their existing technologies for new applications. However, they are more interested in improving competitiveness in core applications than exploring opportunities in new applications. This preference is reflected in their higher priority for developing complementary technologies for existing applications than adapting existing technology for new applications. The result implies that core business competency tends to have greater influence than technology relatedness on firms’ technology development strategies. Further investigation is needed to identify industry characteristics on firm’s perspective on technology adaptation strategy.

Index Terms—Technology strategy, technology relatedness, complementary technology, technology adaptation.

The authors are with the Department of Engineering Systems and Management, Masdar Institute of Science and Technology, Abu Dhabi, United Arab Emirates (e-mail: akaya@masdar.ac.ae, tmezher@masdar.ac.ae, itsai@masdar.ac.ae).

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Cite: Abdullah Kaya, Toufic Mezher, and I-Tsung Tsai, "Firms’ Perspective on Technology Relatedness and Adaptation: A Survey on Renewable Energy Firms," International Journal of Trade, Economics and Finance vol.5, no.5, pp. 414-419, 2014.

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