Dynamic Capabilities and Strategic Management
Organizing for Innovation and Growth
By (author) David J. Teece
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Dynamic Capabilities and Strategic Management by David J. Teece
Book DescriptionHow do firms compete? How do firms earn above normal returns? What's needed to sustain superior performance long term? An increasingly powerful answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. These are the skills, processes, routines, organizational structures, and disciplines that enable firms to build, employ, and orchestrate intangible assets relevant to satisfying customer needs, and which cannot be readily replicated by competitors. Enterprises with strong dynamic capabilities are intensely entrepreneurial. They not only adapt to business ecosystems; they also shape them through innovation, collaboration, learning, and involvement. David Teece was the pioneer of the dynamic capabilities perspective. It is grounded in 25 years of his research, teaching, and consultancy. His ideas have been influential in business strategy, management, and economics, and are relevant to innovation, technology management, and competition policy. Through his consultancy and advisory work he has also brought these ideas to bear in business and policy making around the world. This book is the clearest and most succinct statement of the core ideas of dynamic capabilities. Teece explains their genesis, application, and how they offer an alternative approach to much conventional strategic thinking grounded in simplistic and outdated understandings of industrial organizations and the foundations of competitive advantage. Accessibly written and presented, it will be an invaluable and stimulating tool for all those who want to understand this important contribution to strategic thinking, be they MBA students, academics, managers, or consultants.
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Book DetailsISBN: 9780199545124
(223mm x 144mm x 22mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 26-Mar-2009
Country of Publication: United Kingdom
Books By Author David J. Teece
Management Innovation, Hardback (March 2012)
This book assesses the work, ideas, and influence of the doyen of business historians, Alfred Chandler, particularly on management innovation, strategy, organization, and finance.
Dynamic Capabilities and Strategic Management, Paperback (October 2011)
How do firms grow? How do firms compete? An influential answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. David Teece has been a leading pioneer of this perspective, and this book is the clearest and most succinct statement of his ideas. Essential reading for business students and managers.
Fundamentals of Business Strategy, Hardback (February 2008)
Provides a range of fundamental readings in strategic management, and covers basic and advanced topics and includes selections from both traditional masters in the field as well as writings by contemporary authors.
Understanding Industrial and Corporate Change, Paperback (September 2004)» View all books by David J. Teece
Understanding Industrial and Corporate Change contains work on technological, organizational, and institutional change. Trans-disciplinary in its approach, the book explores three distinct themes: Markets and Organizations; Evolutionary Theory and Technological Change; and Strategy, Capabilities, and Knowledge Management.
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Author Biography - David J. Teece
David J. Teece is Chaired Professor of Haas Business School at the University of California, Berkeley. He has been included on the "A-List of Management Academics 2011" by Business Educators, an orgazination which seeks to facilitate collaborations between business academics and professionals.
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