ISBN Dynamic Capabilities and Strategic Management ( Organizing for Innovation and Growth ) book English Hardcover 320 pages

How 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and how they offer an alternative approach to much conventional strategic thinking grounded in simplistic and outdated understandings of industrial organizations and the foundations of competitive advantage.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.