Strategic management literature has, until now, concentrated on the analysis of how large innovative firms maintain, rebuild, or renew strategic capabilities. This important book illustrates the complex transition process involved as firms accumulate knowledge and develop new types of knowledge management to build the primary strategic capabilities. The book addresses all areas of the process including how technological capability is initially achieved through to how the firm approaches the international technological frontier. Based on a detailed case-study of a multinational Mexican firm, this insightful book argues that there is no simple progression from the accumulation of technological capability to the management of knowledge as a strategic asset.

The wealth of evidence, analysis and discussion will ensure this work will be of immense value and interest to scholars, researchers, business managers and development economists alike.