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The dynamic capabilities framework analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change. The competitiveExpand
Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance
This paper draws on the social and behavioral sciences in an endeavor to specify the nature and microfoundations of the capabilities necessary to sustain superior enterprise performance in an openExpand
Business Models, Business Strategy and Innovation
Whenever a business enterprise is established, it either explicitly or implicitly employs a particular business model that describes the design or architecture of the value creation, delivery, andExpand
Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy
Abstract This paper attempts to explain why innovating firms often fail to obtain significant economic returns from an innovation, while customers, imitators and other industry participants benefitExpand
The Dynamic Capabilities of Firms: an Introduction
An expanded paradigm is needed to explain how competitive advantage is gained and held. Firms resorting to 'resource-bas ed strategy' attempt to accumulate valuable technology assets and employ anExpand
Capturing Value from Knowledge Assets: The New Economy, Markets for Know-How, and Intangible Assets
AbstractThe following sections are included:Knowledge and Competitive AdvantageLiberalization of MarketsExpansion of What's TradableStrengthening of Intellectual Property RegimesThe GrowingExpand
The Foundations of Enterprise Performance: Dynamic and Ordinary Capabilities in an (Economic) Theory of Firms
The dynamic capabilities framework has had a significant impact on strategic management theory and practice, but the sizable literature on the topic has not always been unified. This paper beginsExpand
Towards an economic theory of the multiproduct firm
This paper outlines a theory of the multiproduct firm. Important building blocks include excess capacity and its creation, market imperfections, and the peculiarities of organizational knowledge,Expand
Firm organization, industrial structure, and technological innovation☆
  • D. Teece
  • Economics, Business
  • 1 November 1996
Abstract The formal and informal structures of firms and their external linkages have an important bearing on the rate and direction of innovation. This paper explores the properties of differentExpand