Dynamic Capabilities

• Dynamic Capabilities

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Strategic management - Strategic change

1 David Teece pioneered research on resource-based strategic

management and the dynamic capabilities perspective, defined as “the ability to integrate, build, and reconfigure internal and external competencies to address rapidly

changing environments.|doi=10.1002/(SICI)1097-

0266(199708)18:73.0.CO;2-Zhttps://store.theartofservice.com/the-dynamic-capabilities-toolkit.html

Strategic management - Strategic change

1 His 1997 paper (with Gary Pisano and Amy Shuen) Dynamic Capabilities and Strategic

Management was the most cited paper in economics and business for

the period from 1995 to 2005.


Resource-based view - What constitutes competitive advantage?

1 ISSN 0949-6181 in an empirical and thus important and rare study,

emphasize the need to focus on the actual process of dynamic capability building rather than generate further

abstract definitions of dynamic capabilities



1 Dynamic capabilities theory attempts to deal with two key questions:



1 When senior managers are confronted with the task of building dynamic capabilities, they need to

consider sometimes drastic fluctuations in the threshold

capability definition standards, making it more and more complex for companies to understand the

minimum requirements to remain in the game as an industry player


Resource-based view - Further reading

1 * Ludwig, G.;Pemberton, J. (2011). A managerial perspective of dynamic

capabilities in emerging markets: the case of the Russian steel industry,

Journal of East European Management Studies, 16(3), pp.215–

236. ISSN 0949-6181


Resource-based view - Further reading

1 * Teece, D., Pisano, G. and Shuen, A. (1997), Dynamic Capabilities and Strategic Management. Strategic

Management Journal, Vol. 18, No. 7, pp.509–533


Open XML Paper Specification - Similarities with PDF and PostScript

1 PDF includes dynamic capabilities purposely not

supported by the XPS format.


Computer simulation in organizational studies - Later research

1 *Zott's (2003) model of strategic evolution and

dynamic capabilities


Horses in World War I - Australia and New Zealand

1 In August the division's dynamic capabilities were effectively

combined with the static 52nd (Lowland) Infantry Division at the

Battle of Romani, where they repelled an attempted Ottoman

attack on the Suez Canal


Dynamic capabilities - Overview

1 Dynamic capabilities, by contrast, refer to the capacity of an

organization to purposefully create, extend, or modify its resource base

(Helfat et al., 2007).



1 The academic literature on dynamic capabilities grew out of (1) the

resource-based view of the firm and (2) the concept of routines in

evolutionary theories of organization (Nelson Winter, 1982)



1 ISSN 0949-6181 in one of the rare and therefore important empirical

studies on the topic, emphasise the need to focus on the actual process of dynamic capability building rather

than generate further abstract definitions of dynamic capabilities



1 When senior managers are confronted with the task of building dynamic capabilities, they need to

consider sometimes drastic fluctuations in the threshold

capability definition standards, making it more and more complex for companies to understand the

minimum requirements needed to remain in the game as an industry

playerhttps://store.theartofservice.com/the-dynamic-capabilities-toolkit.html


1 The New Dynamic Capabilities framework for corporate strategic management bridges innovation

strategy, digital strategy and multinational strategy—

experimenting, innovating and learning 10x faster while

orchestrating organizational capabilities worldwide for execution

in a globally networked and interdependent environment.



1 “The concept of dynamic capabilities, especially in terms of organizational knowledge processes, has become the predominant paradigm for the

explanation of competitive advantages. However, major

unsolved—or at least insufficiently solved—problems are first their measurement and second their

management…”https://store.theartofservice.com/the-dynamic-capabilities-toolkit.html

Dynamic capabilities - Processes

1 Three dynamic capabilities are necessary in order to meet new challenges.

Organizations and their employees need the capability to learn quickly and to build strategic assets. New strategic

assets such as capability, technology and customer feedback have to be integrated

within the company. Existing strategic assets have to be transformed or

reconfigured.


Dynamic capabilities - Processes

1 Teece’s concept of dynamic capabilities essentially says that what matters for

business is corporate agility: “the capacity (1) to sense and shape opportunities and threats, (2) to seize opportunities, and (3)

to maintain competitiveness through enhancing, combining, protecting, and,

when necessary, reconfiguring the business enterprise’s intangible and

tangible assets.”


22nd Bomb Group (Red Raiders) 5th Army Air Force - Origins

1 In 1941 the Group transitioned to B-26 Marauder bombers, a fast bomber

with very specialized aerodynamic capabilities. These capabilities

included short, stubby wings, which led the plane to be known as The

Flying Prostitute (no visible means of support). However its flying

characteristics led to many crashes, which also led to the plane being

known as The Flying Coffin.https://store.theartofservice.com/the-dynamic-capabilities-toolkit.html

Competence-based management - Publications

1 * Sanchez, R., Heene, A. Martens, R., editors (2008), Competence

Perspectives on Learning and Dynamic Capabilities, Volume 10 in

Advances in Applied Business Strategy, JAI Press.


David Teece - Dynamic capabilities

1 Further, “The concept of dynamic capabilities, especially in terms of

organizational knowledge processes, has become the predominant

paradigm for the explanation of competitive advantages



1 According to ScienceWatch, his paper (with Gary Pisano and Amy Shuen) Dynamic Capabilities and Strategic Management was the most cited paper in economics and business

globally for the period from 1995 to 2005.



1 Teece's concept of dynamic capabilities is a theory about the source of corporate

agility: the capacity (1) to sense and shape opportunities and threats, (2) to seize opportunities, and (3) to maintain

competitiveness through enhancing, combining, protecting, and, when

necessary, reconfiguring the business enterprise's intangible and tangible

assets.


QBlade - Development History

1 Current development focuses on the expansion of both the dynamic and the aerodynamic capabilities of the software as well as its export/import

interface. D. Marten is the person mainly responsible for the

development and supervision of future versions while G.

Pechlivanoglou, G. Weinzierl, N. Moesus and J. Wendler also remain

active in the project.https://store.theartofservice.com/the-dynamic-capabilities-toolkit.html

Open-wheel car - Driving

1 Open-wheel vehicles, due to their light weight, aerodynamics|

aerodynamic capabilities, and powerful engines, are often

considered the fastest racing vehicles available and among the

most challenging to master


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Dynamic Capabilities