Resource Recombination in Firms from a Dynamic Capability Perspective PDF Download

Author: Kerstin Kurzhals
Publisher:
ISBN: 9783658356675
Category :
Languages : en
Pages : 0

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Book Description
This book elaborates the concept of Resource Recombination in firms from a Dynamic Capability perspective. With the investigation of the role of Dynamic Capabilities in the process of innovation generation through Resource Recombination, this research addresses some existing shortcomings in the Dynamic Capability literature, where there is a crucial need to better understand the interrelationship between Dynamic Capabilities, the firm`s resource base, and innovation through Resource Recombinations. This research contributes to the resource and competence based research by developing and empirically testing a conceptual model of factors influencing Resource Recombination in firms. The principal aim of this research is to bring clarity to the notion of Dynamic Capabilities, their role and effects towards building Resource Recombinations in firms. About the author: Dr. Kerstin Kurzhals is junior professor for Innovation, Engagement und Co-Creation at the Münster School of Business (MSB). As head of the Science-to-Society research group affiliated to the Science-to-Business-Marketing Research Centre at Münster University of Applied Sciences, she conducts research and business projects at the interface of innovation, entrepreneurship and strategic management. In 2015, Kerstin Kurzhals successfully completed her doctoral thesis at Coventry University Business School (UK), in which she investigated the role and effect of dynamic capabilities for innovation generation.

Author: Kerstin Kurzhals
Publisher: Springer Nature
ISBN: 3658356669
Category : Business & Economics
Languages : en
Pages : 355

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Book Description
This book elaborates the concept of Resource Recombination in firms from a Dynamic Capability perspective. With the investigation of the role of Dynamic Capabilities in the process of innovation generation through Resource Recombination, this research addresses some existing shortcomings in the Dynamic Capability literature, where there is a crucial need to better understand the interrelationship between Dynamic Capabilities, the firm`s resource base, and innovation through Resource Recombinations. This research contributes to the resource and competence based research by developing and empirically testing a conceptual model of factors influencing Resource Recombination in firms. The principal aim of this research is to bring clarity to the notion of Dynamic Capabilities, their role and effects towards building Resource Recombinations in firms.

Author: Constance E. Helfat
Publisher: John Wiley & Sons
ISBN: 1405182067
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
Creating, adapting to, and exploiting change is inherently entrepreneurial. To survive and prosper under conditions of change, firms must develop the “dynamic capabilities” to create, extend, and modify the ways in which they operate. The capacity of an organization to create, extend, or modify its resource base is vital. Since the concept of dynamic capabilities was first introduced, much research has elaborated the initial idea. This important book by Constance Helfat and her team of leading scholars provides a timely focus on in-depth examples of corporate dynamic capabilities. Examining these in the different contexts of alliances, acquisitions, and management, the book gives students and researchers a succinct, up-to-date definition of dynamic capabilities and the strategic management theories around them.

Author: M. Bjørn Rimscha
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110589540
Category : Language Arts & Disciplines
Languages : en
Pages : 523

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Book Description
This handbook combines the perspectives of communication studies, economics and management, and psychology in order to provide a comprehensive economic view on personal and mass communication. It is divided into six parts that comprise: 1. an overarching introduction that defines the field and provides a brief overview of its history (1 chapter) 2. the most commonly used theoretic frameworks for the analysis of communication economics and management (4 chapters) 3. the peculiarities of the quantitative and qualitative methods and data used in the field (3 chapters) 4. key issues of the field such as the economics of language, labor in creative industries, media concentration, branding etc. (10 chapters) 5. descriptions of the development, trends and peculiarities of the field in different parts of the world, written by scholars from the respective region (10 chapters) 6. reflections on future directions for the field, both from a managerial and from an economics perspective (1 chapter). The authors of the individual chapters represent different academic disciplines, research traditions, and geographic backgrounds. The reader will thus gain multifaceted insights into the management and economics of communication.

Author: Christina Ellen Shalley
Publisher: Oxford Library of Psychology
ISBN: 0199927677
Category : Business & Economics
Languages : en
Pages : 561

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Book Description
Creativity can be viewed as the first stage of the overall innovation process, an important dimension of the entrepreneurship and new venture creation processes, and as such, it is considered to be a cornerstone of organizational competitiveness in this global, knowledge-based economy. Research on creativity has increasingly become multilevel, with most work conducted at the individual or team level of analysis. At the same time, there is a large body of research being conducted at the organizational level of analysis on innovation, and there has been a significant amount of entrepreneurship research at the individual level, with an increasing focus on organizational entrepreneurship. However, these three research streams have developed independently, and there has been very little knowledge transfer between the three areas. Because entrepreneurship is often said to be a process that is required to convert innovation into business ventures that will deliver benefits to stakeholders, it is typically driven by an individual or small group of individuals. Creativity research, innovation research, and entrepreneurship research have the potential to inform each other, enriching our knowledge of each area, particularly with regard to the cognitive processes and behaviors that are most effective. This Handbook includes contributions from the leading scholars in these three research areas, who integrate contemporary research findings on organizational creativity, innovation, and entrepreneurship and provide fruitful new research directions."

Author: Wei Jiang
Publisher:
ISBN:
Category :
Languages : en
Pages : 732

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Book Description
Why are some firms able to survive and prosper through the recessions, technological revolutions, economic and market changes but others fail? As the business environment is characterised by accelerating pace of changes, this topic has received increasing attention from both academic scholars and industrial practitioners in an attempt to explain sustainable competitive advantage of firms. Establishing business partnerships has long been recognised as one of the most effective ways to help firms manage technological turbulence and dynamic market environments. Thus, this study adopts a promising approach-Dynamic Capability Approach (DCA)-in the context of business partnerships and investigates the role of dynamic capabilities in achieving superior firm performance. DCA has emerged to explore the dynamic capabilities that firms use to purposefully create, modify and re-combine their resources base in response to external market dynamics (Eisenhardt & Martin, 2000; Helfat, et al., 2007; Teece, Pisano, & Shuen, 1997). The central logic of DCA is that dynamic capabilities are higher-order capabilities that persistently transform ordinary organisational resources and capabilities into superior firm performance; they are conceptualised as the sources of firms' sustainable competitive advantage especially in dynamic business environments. Most studies in DCA field are conceptual and explanatory nature and empirical works are rare. The main purpose of this study is to conceptualise and operationalise dynamic capabilities, examine their importance for firm performance as well as their mediating role in the relationship between organisational resources, capabilities and firm performance. Five important dynamic capabilities identified are: integrative capability, agility, network competence, R&D competence, and market orientation. Integrative capability is the ability of firms to promote inter-organisational coordination and manage the complementarity and compatibility of resources and capabilities. Thus, this study also examines the role of integrative capability in enhancing the effect of organisational resources and capabilities on developing new dynamic capabilities.Relationship marketing perspective is incorporated to help explain the variation in organisational performance in business partnerships. To date, very little research has integrated DCA and relationship marketing perspective to study the firms' superior performance. This study is therefore aimed at filling this gap. Firms that are able to generate relational rents are those that are better at managing relational capital than their counterparts. Thus, the study empirically examines the importance of relational capabilities on firm performance and to what extent they enhance the effect of organisational resources and capabilities on superior firm performance and the development of dynamic capabilities. The study context is the Chinese manufacturing sector. Mail survey with structured questionnaire was used to collect date. Senior managers were chosen as key informants since they were assumed to have the broadest knowledge on the partnerships their business had. The sampling frame consisted of Chinese manufacturers with minimum of fifty full-time employees and five years of history in the main industry. A usable sample of 300 was obtained, yielding an effective response rate of 30%. The direct contribution of organisational resources, organisational capabilities, relational capabilities and dynamic capabilities on firm performance was examined using multiple regression. The findings indicate that the most important resources predicting superior performance are reputation for quality and brand reputation. Human resources are related to the achievement of strategic performance, although they do not have a significant effect on marketing effectiveness and financial performance. In terms of organisational capabilities, marketing and technological capabilities are more important predictors of firm performance than manufacturing and managerial capabilities. Surprisingly, learning capability is not directly related to firm performance. The findings also indicate that guanxi (interpersonal relationship) is the most important relational factor, followed by organisational commitment and loyalty to partnerships. Trust and conflict management do not significantly predict firm performance. With regard to dynamic capabilities, the findings indicate integrative capability, agility, network competence, R&D competence, and market orientation significantly predict the firm performance. The set of dynamic capabilities explains the highest variance of firm performance than organisational resources, organisational capabilities and relational capabilities. This suggests that dynamic capabilities are a superior source of firm performance.Structural equation modelling was used to examine the mediating role of relational capabilities and dynamic capabilities in the relationship between organisational resources, capabilities and firm performance. Relational capabilities are the important mechanisms for transmitting the effect of human resources and brand reputation into firm performance, as well as boosting the effect of managerial and marketing capabilities on firm performance and new capabilities. Relational capabilities are also important mechanisms that transform manufacturing, managerial and marketing capabilities into dynamic capabilities.With regard to dynamic capabilities, the findings support that each dynamic capability significantly mediates the relationship between resources and firm performance, particularly financial reputation, brand reputation and human resources. The findings also indicate that dynamic capabilities mediate the relationship between organisational capabilities, firm performance and the development of new capabilities. Among all dynamic capabilities, integrative capability is the strongest mechanism for transforming the capabilities particularly manufacturing, managerial, marketing and learning capabilities into superior firm performance and new capabilities. Integrative capability also enhances the effect of these four capabilities on the development of new dynamic capabilities. Agility and network competence are important mechanisms for transforming manufacturing, managerial and marketing capabilities into performance outcomes. Further, R&D competence enhances the effect of manufacturing and learning capabilities on performance whilst market orientation assists managerial and marketing capabilities in achieving superior performance. The major contribution of this study is to extend the knowledge of DCA by conceptualising, operationalising and empirically testing the importance of dynamic capabilities on firm performance in the context of business partnerships. The study suggests that further investigation in DCA is potentially a productive area to understand competitive advantage and business performance. The study also extends the applicability of DCA by testing the approach in emerging economies. In addition, by incorporating the relationship marketing perspective, the study provides a holistic overview of the major determinants of successful partnerships within the Resource-Based View. Furthermore, the study has implications for managers in that incorporating dynamic capabilities deepens the understanding of determinants of firm performance. Finally, the study implies that establishing business partnerships can be an effective approach to create dynamic capabilities with significant performance implications for the partner organisations.

Author: Stuart Wall
Publisher: Edward Elgar Publishing
ISBN: 1849805628
Category : Business & Economics
Languages : en
Pages : 311

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Book Description
In a world of ever increasing talent and ever more rapid creation of new knowledge, and in a world that is growing in complexity by the day, it is truly intriguing to learn of capabilities for success and failure in rapid innovation-based industries. The fusion of academic concepts and empirical insights make this book a source of inspiration for inquiring managers. Norbert Walter, Chief Economist of Deutsche Bank and CEO of Deutsche Bank Research, Germany This volume represents a most welcome and important contribution to the emergent and fast-growing dynamic capabilities view (DCV) of the firm and sustainable competitive advantage. It simultaneously helps to assess critically, integrate with a wide range of other perspectives, broaden the scope, and deepen the conceptual foundations of the DCV. In addition and importantly, it links DCV to, and contrasts it with, managerial practice. The authors dispassionate approach is a further plus. The editors have done an excellent job and should be congratulated for this work that should be a must-read. Christos Pitelis, Reader in International Business and Competitiveness, University of Cambridge, UK This path-breaking book provides unique insights into the organisational realities of strategic reconfigurations in uncertain markets, thus advancing the dynamic capability perspective. Dynamic capabilities continue to excite academics. It is a perspective that promises explanations of competitive advantage, but its full potential remains somewhat hidden behind abstract notions. This eloquent volume seeks to overcome the challenge by combining the theory and practice of organisational resource configurations. Joint contributions by expert academics and business executives demystify, but also confirm, elements of the theory. Thus, the book integrates dynamic capabilities with organisational realities as well as with adjacent theories of strategic innovation and entrepreneurship. Strategic Reconfigurations provides a guide to strategic management in turbulent times, for students, researchers, and professionals alike. Business executives in high-velocity markets will find the book invaluable.

Author: Mark Jenkins
Publisher: Bloomsbury Publishing
ISBN: 113737795X
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
This core textbook is concerned with the managerial decisions, processes and activities that allow the creation and implementation of a strategy. Advanced Strategic Management adopts a multi-perspective approach to evaluate and challenge assumptions about what strategy is concerned with and thus strengthen students' understanding of strategic management. This new third edition weaves together theoretical debate and practical insights to enrich the way in which strategy is both viewed and enacted. Written by leading experts, this is an engaging and challenging resource, perfect for undergraduate and postgraduate students taking strategy courses. New to this Edition: - Fully revised and updated content throughout - A new detailed introduction and conclusion which link together the ideas and different perspectives throughout the book

Author: Nicolai J. Foss
Publisher: Oxford University Press
ISBN: 0191593893
Category : Business & Economics
Languages : en
Pages : 397

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Book Description
Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources to product markets. Much of this change in emphasis has occurred because of the emergence of a unified and rigorous approach to strategy, often called the resource-based approach. This Reader brings together extracts from the seminal articles that created this dominant perspective in strategic management. It includes the pioneering work of Selznick, Penrose, and Chandler and more recent writing by Wernerfelt, Barney, Teece, and Prahalad and Hamel.

Author: Mitsuru Kodama
Publisher: Edward Elgar Publishing
ISBN: 1785366386
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
From detailed reviews of existing dynamic capabilities, this book presents a theoretical model of a strategic innovation system as a corporate system capability to enable a large company to achieve strategic innovation. The book includes in-depth case studies to illustrate the importance of strategic innovation capabilities.