DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT

A book by D. J. Teece, ISBN



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
Average price
239
Times purchased

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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
Andrew2001 Putz Pasadena

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
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT reviews
clar Alex W. Prague

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 _2001 Berlin

DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENT ebook is a good option. I wouldn`t recommend to buy a hardcover, but for me the digital version worked well. D. J. Teece is a top-level prefessional!