DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT

A book by D. J. Teece, ISBN


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It is over two hundred years since Adam Smith began his “Inquiry into the Nature and Causes of the Wealth of Nations”. The field of strategic management1 is barely fifty years old and it struggles to answer for the business organization the analogous question that smith posed (and for which he provided primitive but remarkably insightful answers) with respect to the nation state. The question (namely, what explains the ability of the business enterprise to generate wealth for the stockholders and other stakeholders) ani- mates managers, policy makers, investors, and the public. Over the last couple of decades a significant body of empirical research has emerged which provides at least partial answers.

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DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT by D. J. Teece

300
Pages
2009
Published in
$ FREE
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4.1
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Research indicates that characteristics of individual businesses explain variations in enterprise performance more successfully than characteristics of industry. Moveover, over time risk adjusted returns are remarkably similar across industries (but not firms) as one would expect if capital markets are reasonably efficient. These results call into question (or at minimum put into perspective) well entrenched market positioning approaches which posit the objective of strategy is to locate the enterprise’s products in a market niche that can be insulated from strong competition so as to generate above-average profits. The standard approach is built on frameworks from the field of industrial organization, which unfortunately tends to ignore intangible assets, innovation, firm capabilities, and disequilibrium phenomena.

DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
Amelie_1998 Berlin

Surely DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT is among the must-read books for every entrepreneur. Bravo D. J. Teece!
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
piccolino25 California

I really enjoyed this book - D. J. Teece did an awesome job! Probably DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT is the best book I read last years
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
Andrew2001 Robinson NY

Awesome book!
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
thegreenone Alex W. New York

I bought DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT hardcover edition on Amazon - arrived today, 2023-03-28, so far Im completely satisfied with the book quality
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
Alex W. Gupta Pasadena

Thanks D. J. Teece - the book PDF is insightful and definitely makes sense.
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
Michael Smith TX

WOW. "DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT"" is a really good one on this topic. Honestly, haven`t read any other books from D. J. Teece, but he seems to be real genius!
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
Christine Putz Prague

Honestly other books by D. J. Teece were a bit more helpful for me. But anyway, DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT is another great piece of content