Handbook On Dynamic Capability
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The Oxford Handbook of Dynamic Capabilities
In order to make quality strategic decisions, managers need a deep understanding of industry dynamics and enterprise capabilities. In this book, we present a conceptual framework that will help executives lead their organizations in highly competitive global markets. For some, it will change frames of reference and accepted priorities in terms of what's important for the enterprise to build, own, and manage. Management theory is young and fragmented, and generally not much of a guide for executives, except around certain narrow issues. The framework presented in this volume can be helpful with the big-picture issues. To be useful, a theoretical framework must be flexible enough to provide guidance in a variety of situations. However, the theory must not be so general that it fails to speak to practical management problems. Another useful attribute is parsimony, so that an overwhelming number of variables don't render analysis an impossible task. This book includes a number of essays about the Dynamic Capabilities Framework (Teece et al., 1990, 1997; Teece, 2007), which increasingly provides an intellectual infrastructure for both theoretical and applied analyses of strategic management and other issues facing business decision makers. Since 2006, articles concerning dynamic capabilities have been published in business and management journals at a rate of more than 100 per year (Di Stefano et al., 2010). And an increasing number of these articles contain new empirical research validating the Dynamic Capabilities approach to competitive advantage. A broad panoply of scholars and executives are contributing to the further development of this framework. This book summarizes and integrates many of these contributions, and this introduction will introduce some of the major themes of the chapters that follow.
Handbook on Dynamic Capability
Author: K. L. Prasanna Kumar
language: en
Publisher: Anchor Academic Publishing
Release Date: 2017-03-22
In this book, the concepts of innovation and dynamic capabilities are thoroughly studied and evolved into a new conceptualization for integration. Since the nature of business organizations is to strive for achievement of competitive advantage relentlessly, it is imperative for business organizations to develop suitable capabilities and, thus, leverage them to gain an advantageous edge in the business environment. The dynamic capabilities that are built and deployed by firms to cope with changing business conditions help the firms to adapt to the demand of the situation through resource mobilization and effective management. Dynamic capabilities usually appear in varied breadth and span and culminate into hierarchical stages. The current century business slogan “Innovation” is adapted and considered by every business firm. Development and maintenance of innovation is being perceived as a critical organizational function by managers. It is unanimously agreed upon by senior managers that there is a need for the building of organizational capabilities to promote innovation for a competitive advantage and to get the most benefit from such innovations in changing scenarios. This requires the integration of dynamic capabilities and innovation management disciplines for building innovation management capabilities in organizations.
Dynamic Capabilities
Author: Constance E. Helfat
language: en
Publisher: John Wiley & Sons
Release Date: 2009-02-09
Creating, adapting to, and exploiting change is inherently entrepreneurial. To survive and prosper under conditions of change, firms must develop the “dynamic capabilities” to create, extend, and modify the ways in which they operate. The capacity of an organization to create, extend, or modify its resource base is vital. Since the concept of dynamic capabilities was first introduced, much research has elaborated the initial idea. This important book by Constance Helfat and her team of leading scholars provides a timely focus on in-depth examples of corporate dynamic capabilities. Examining these in the different contexts of alliances, acquisitions, and management, the book gives students and researchers a succinct, up-to-date definition of dynamic capabilities and the strategic management theories around them.