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David Teece named in the A-List of Management Academics 2011
Dynamic Capabilities and Strategic Management
Organizing for Innovation and Growth
David J. Teece
320 pages
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216x135mm
978-0-19-969190-6
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Paperback
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06 October 2011
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- Distils Teece's ideas on dynamic capabilities in a short, accessible book
- Provides a clear framework for managers wanting to assess their organization's strategy
- Relevant to innovation, entrepreneurship, and learning
- Offers an alternative to the dominant industry positioning approach
- Draws on ideas from economics, business strategy, and organization theory
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simplistic and outdated understandings of industrial organizations and the foundations of competitive advantage.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.Readership: Academics, researchers, and advanced students of Management Studies and Economics; Managers and business consultants.
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David J. Teece, Chaired Professor, Haas Business School, University of California, Berkeley
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"David Teece's concept of dynamic capabilities integrates the resource-based theory of the firm with an evolutionary view of economic processes. This important book combines theoretical insight with practical advice for both managers and policy makers." - John Kay, Fellow of St John's College, Oxford, Financial Times columnist, and author of The Truth about Markets
"Teece's authoritative work on dynamic capabilities has important implications for strategic management, as well as for organization studies, economics, innovation policy, and antitrust law. Scholars and practitioners in a broad range of areas will find this book to be an invaluable reference and source of new ideas." - Constance E. Helfat, J. Brian Quinn Professor in Technology and Strategy, Tuck School of Business at Dartmouth
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Preface
Part I: Dynamic Capabilities
1: The Nature and Microfoundations of (Sustainable) Enterprise Performance
2: The (Entrepreneurial) Function of the Manager in a Developed Market Economy
3: The Foundations of Dynamic Capabilities
4: Resources, Capabilities, and Penrose Effects
5: Dynamic Capabilities and the Essence of Multinational Enterprise
Part II: The Business Enterprise in Economic Development
6: The Role of Management, Enterprise, and Technology in the Wealth of Nations
7: Managers, Entrepreneurs and the Literati in Economic Development
Part III: Competition Policy
8: The Nature of Competition in Regimes of Rapid Technological Change
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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