Dynamic Capabilities and Related Paradigms Teece Hardback 9781009618410

Dynamic Capabilities and Related ParadigmsAuthor(s): David J. Teece\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781009618410, 978-1009618410\nSynopsis\nOf 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 management's role in determining future requirements and honing the organization's processes and structure to meet them. This Element presents the dynamic capabilities framework and compares it to other paradigms of strategic management and innovation. It demonstrates that these narr.