5. Conclusion
A conceptual framework that includes basic elements of corporatelevel technology strategy and their linkage paths with corporate strategy had been developed through a large survey of related literatures (Arasti et al., 2010). In this paper, we re-discussed that conceptual framework to capture it (with minor modifications) as the basis for an in-depth case study in IKCO industrial group to answer these questions:
• How much the proposed framework does match with what it goes in practice in such an MBC?
• Can we clarify the basic elements and linking paths of CTS with CS in IKCO, like what our initial framework proposed?
Based on its recent technological achievements, Iran has been considered as a developing country in related literatures (Kiamehr et al., 2015). The context of developing countries differs from developed ones in multiple ways (Kiamehr et al., 2015). It brings market-related (Hobday, 1995; Freeman and Soete, 1997; Mathews, 2002) and technological (Hobday, 1995; Mathews, 2002) disadvantages for latecomer firms just to imply to most important ones. This makes latecomer firms different from either leader or follower firms in developed countries who enjoy a better situation to decide on their leader/follower strategy (Mathews, 2002). Thus, they should pursue a catching up path (i.e., approaching the frontier) to improve their situation in business (Lall, 1992; Bell and Pavitt, 1995; Kim, 1997). In order to do this, latecomer firms should accumulate some levels of different capabilities while climbing the staircase of catch-up stages (Abramovitz, 1986; Katz, 1987; Lall, 1992; Amsden and Hikino, 1994; Bell and Pavitt, 1995; Kim, 1997; Figueiredo, 2003). Catch-up stages are also in correspondence with different kinds of innovation, value creation, and firm's knowledge base (Kim, 1997).