2008
DOI: 10.1177/0170840608094776
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Strategy as Evolution with Design: The Foundations of Dynamic Capabilities and the Role of Managers in the Economic System

Abstract: This paper discusses the intellectual roots of the dynamic capabilities framework. We draw on insights from Edith Penrose as well as others in order to help explain the essence of the business enterprise, and how it can escape the zero profit trap. We see the business enterprise as being in part a product of its own history, but not completely so. Managers can shape outcomes and are not completely trapped by prior decisions and investments. We call this `evolution with design', leaving room for both evolutiona… Show more

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Cited by 210 publications
(179 citation statements)
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References 37 publications
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“…It is known that the definition of value in the view of the dynamic capabilities is influenced by the Barney's current (1991), in which the value is related to valuable resources, rare, difficult to imitate or replace. However, it is perceived that the dynamic capabilities also relate the creation of value to high-level routines based on the entrepreneurial activity of identifying opportunities and resource mobilization, implementation of business models (Augier & Teece, 2008), processes, leadership ability applied to these resources (Teece, 2014).…”
Section: Concept Of Valuementioning
confidence: 99%
See 1 more Smart Citation
“…It is known that the definition of value in the view of the dynamic capabilities is influenced by the Barney's current (1991), in which the value is related to valuable resources, rare, difficult to imitate or replace. However, it is perceived that the dynamic capabilities also relate the creation of value to high-level routines based on the entrepreneurial activity of identifying opportunities and resource mobilization, implementation of business models (Augier & Teece, 2008), processes, leadership ability applied to these resources (Teece, 2014).…”
Section: Concept Of Valuementioning
confidence: 99%
“…The dynamic capabilities perspective has added the external component and importance of strategic capacity management, proposing greater flexibility to develop new capabilities for RBV, as well as renewing existing ones with the purpose to generate competitive advantages. Even though, the resources employed are scarce or difficult to replicate (TEECE; PISANO; SHUEN, 1997;Eisenhardt & Martin, 2000;Augier & Teece, 2008).…”
Section: Dynamic Capabilitiesmentioning
confidence: 99%
“…The relationships between competences and resources, therefore results in specific activities that unite the relevant aspects of internal factors with the processes demanded by external factors. This allows for the organizational operations to aggregate economic value for the company and provides social value to the individual (Augier & Teece, 2008;Fleury & Fleury, 2001;Prahalad & Hamel, 1990;Ruas, 2005).…”
Section: Unique and Differentiating Organizational Competencesmentioning
confidence: 99%
“…These are responsible for conferring it with a privileged marketing position as compared to its competitors (Augier & Teece, 2008;Fluery & Fleury, 2001;Leonard-Barton, 1992;Prahalad & Hamel, 1990;Ruas, 2005). In the case of the Brazilian technological innovation centers, by identifying their respective unique organizational competences, we are trying to discover each one's competitive advantages, as well as their competitive advantages as a group.…”
Section: Unique and Differentiating Organizational Competencesmentioning
confidence: 99%
“…Tais escolhas se inter-relacionam de modo a permitir sua adaptação ao ambiente e até mesmo moldá-lo (AUGIER; TEECE, 2008). Nas últimas décadas, a pesquisa na área assistiu a emergência de construções coletivas como rotinas, competências e capacidades assumirem um papel de grande importância FOSS, 2005).…”
Section: Introductionunclassified