Of the numerous theories of strategic management, the dynamic capabilities framework is perhaps the most encompassing. Dynamic capabilities are the factors that, if strong, allow an organization to create and deliver value to customers, outcompete rivals, and reap financial rewards over extended periods. The dynamic capabilities framework provides a system-level view of how resources and capabilities are assembled and orchestrated over successive rounds of competition, addressing managemen...

The dynamic capabilities framework outlines the means by which the managers of business enterprises foster and exercise organizational and technological capabilities and business strategy to address current and anticipated market and geopolitical conditions. In a firm with strong dynamic capabilities, managers can establish and periodically renew the competitive advantage of the business enterprise by not just responding to but shaping the business environment. This Element relates the dyn...

How do firms compete? How do firms earn above normal returns? What's needed to sustain superior performance long term? An increasingly powerful answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. These are the skills, processes, routines, organizational structures, and disciplines that enable firms to build, employ, and orchestrate intangible assets relevant to satisfying customer needs, and which cannot be readily replicated by competito...

In times of deep uncertainty, the 'entrepreneurial university' needs to be able to transform itself, when necessary, to maintain long-term evolutionary fitness. Dynamic Universities explores how strategic, entrepreneurial leadership can help US higher education institutions thrive amid unprecedented challenges. Drawing on the dynamic capabilities framework, David J. Teece and Sohvi Heaton provide a strategic roadmap to help university leaders identify emerging opportunities and threats, ta...

How do firms compete? How do firms earn above normal returns? What's needed to sustain superior performance long term? An increasingly powerful answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. These are the skills, processes, routines, organizational structures, and disciplines that enable firms to build, employ, and orchestrate intangible assets relevant to satisfying customer needs, and which cannot be readily replicated by competito...

How do firms compete? How do firms earn above normal returns? What's needed to sustain superior performance long term? An increasingly powerful answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. These are the skills, processes, routines, organizational structures, and disciplines that enable firms to build, employ, and orchestrate intangible assets relevant to satisfying customer needs, and which cannot be readily replicated by competito...

This volume, originally published in 1982, brings together economists, political scientists and industry experts to explain OPEC’s past achievements and future (in the early 1980s) prospects. The book opens with a clear, concise amd easy to follow treatment of the economics of exhaustible resources under monopoly and competition, the framework frequently used to examine pricing issues. The role of wealth maximisation, wealth satisficing and political factors as OPEC objectives are discusse...

The Reinventing Capitalism series seeks to feature explorations about the crisis of legitimacy facing capitalism today, including the increasing income and wealth gap, the decline of the middle class, threats to employment due to globalization and digitalization, undermined trust in institutions, discrimination against minorities, global poverty and pollution. The series is intended to be a collection of authoritative literature reviews of foundational topics on renewing capitalism. Being ...

Managing Industrial Knowledge illuminates the complex processes at work in the creation and successful transfer of corporate knowledge. It is now generally recognized that the competitive advantages of firms depends on their ability to build, utilize and protect knowledge assets. In this volume many of the foremost international authors and pioneers of the study of knowledge in firms present their latest work and insights into organizational knowledge and innovation.