Dynamic Capabilities : What Are They ?  

Oleh:

Eisenhardt, Katheleen M. ; Martin, Jeffrey A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 21 no. 10-11 (2000), page 1105-1122.
Topik: dynamics; dynamic; capabilities; competitive advantage; resource - based view; dynamic markets; resources; high - velocity markets; organization theory; organizational change

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.6 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper focuses on dynamic capabilities and more generally, the resource - based view of the firm. We argue that dynamic capabilities are a set of specific and identifiable processes such as product development, strategic decision making and alliancing. They are neither vague nor tautological. Although dynamic capabilities are idiosyncratic in their details and path dependent in their emergence, they have significant commonalities across firms (popularly termed "best practice"). This suggests that they are more homogeneous, fungible, equifinal and substitutable than is usually assumed. In moderately dynamic markets, dynamic capabilities resemble the traditional conception of routines. They are detailed, analytic, stable processes with predictable outcomes. In contrast, in high - velocity markets, they are simple, highly experiential and fragile processes with unpredictable outcomes. Finally, well - known learning mechanisms guide the evolution of dynamic capabiltiies. In moderately dynamic markets, the evolutionary emphasis is on variation. In high - velocity markets, it is on selection. At the level of RBV, we conclude that traditional RBV misidentifies the locus of long - term competitive advantage in dynamic markets, over emphasizes the strategic logic of leverage, and reaches a bundary condition in high - velocity markets.

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