Dynamic Capabilities And Strategic Management Teece Pdf

dynamic capabilities and strategic management teece pdf

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Handbook on Knowledge Management pp Cite as. An expanded paradigm is needed to explain how competitive advantage is gained and held. However, winners in the global marketplace have been frms demonstrating timely responsiveness and rapid and flexible product innovation, along with the management capability to effectively coordinate and redeploy internal and external competences.

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Teece , Gary Pisano, and Amy Shuen. Dynamic capabilities can be distinguished from operational capabilities, which pertain to the current operations of an organization. The basic assumption of the dynamic capabilities framework is that core competencies should be used to modify short-term competitive positions that can be used to build longer-term competitive advantage.

Dynamic capabilities and strategic management: organizing for innovation and growth

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Dynamic Capabilities

This aspect can also be observed historically in the field of strategy studies. As in all scientific work, the theoretical and empirical work on organizational strategy has developed in a fragmented way with approaches, models, and proposals disconnected from each other in many ways. In recent years, there has been much criticism of traditional approaches such as planning and industry relevance, which reveal that the concepts derived from traditional economic and social theory are no longer able to explain the essential elements of strategic organizational practices fully. This limitation has reduced the appeal of traditional approaches and models to managers and researchers. However, it is important to recognize that the traditional approaches have evolved and contributed toward solving a large part of organizational problems and enhancing understanding of the new perspectives of human and organizational capabilities that are integrated into routines, processes, and structures.


Dynamic Capabilities Theory (DCT) focuses on firm competitiveness in changing environments. Teece, et al. () state that 'dynamic' refers.


Dynamic capabilities and strategic management: organizing for innovation and growth

The system can't perform the operation now. Try again later. Citations per year. Duplicate citations. The following articles are merged in Scholar.

The Journal of Innovation and Knowledge JIK focuses on how we gain knowledge through innovation and how knowledge encourages new forms of innovation. Not all innovation leads to knowledge. Only enduring innovation that can be generalized across multiple fields creates theory and knowledge. JIK welcomes papers on innovations that improve the quality of knowledge or that can be used to develop knowledge. Innovation is a broad concept, covering innovation processes, structures, outcomes, antecedents, and behaviors at the organizational level in the private and public sectors as well as at the individual, national, and professional levels.

The Dynamic Capabilities of Firms

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The Dynamic Capabilities of Firms

An expanded paradigm is needed to explain how competitive advantage is gained and held. However, winners in the global marketplace have been firms demonstrating timely responsiveness and rapid and flexible product innovation, along with the management capability to effectively coordinate and redeploy internal and external competences. First, it refers to the shifting character of the environment; second, it emphasizes the key role of strategic management in appropriately adapting, integrating, and re-configuring internal and external organizational skills, resources, and functional competences toward changing environment. The dynamic capabilities approach provides a coherent framework to integrate existing conceptual and empirical knowledge, and facilitate prescription. This paper argues that the competitive advan is tage of firms stems from dynamic capabilities rooted in high performance routines operating inside the firm, embedded in the firm's processes, and conditioned by its history. It offers dynamic capabilities as an emerging paradigm of the modern business firm that draws on multiple disciplines and advances, with the help of industry studies in the USA and elsewhere. Most users should sign in with their email address.

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. Teece and G. Pisano and A. Teece , G. Pisano , A. Shuen Published Business.


To better understand the sustainable innovation process, this paper adopts the dynamic capabilities approach (Teece, ; Teece et al., ). This approach​.


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Fausta V.

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Teece; Gary Pisano; Amy Shuen. Strategic Management Journal, Vol. 18, No. 7. (​Aug., ), pp. Stable URL.

Paul L.

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Abstract The dynamic capabilities framework analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in.

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