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Understanding dynamic capabilities
Defining ordinary or ‘zero-level’ capabilities as those that permit a firm to ‘make a living’ in the short term, one can define dynamic capabilities as those that operate to extend, modify or create
Special Issue: Knowledge, Knowing, and Organizations: Deliberate Learning and the Evolution of Dynamic Capabilities
The argument is made that dynamic capabilities are shaped by the coevolution of these learning mechanisms, and the relative effectiveness of these capability-building mechanisms is analyzed here as contingent upon selected features of the task to be learned, such as its frequency, homogeneity, and degree of causal ambiguity.
An evolutionary theory of economic change
This study develops an evolutionary theory of the capabilities and behavior of business firms operating in a market environment. It includes both general discussion and the manipulation of specific
Appropriating the Returns from Industrial Research and Development
To HAVE the incentive to undertake research and development, a firm must be able to appropriate returns sufficient to make the investment worthwhile. The benefits consumers derive from an innovation,
On the Sources and Significance of Interindustry Differences in Technological Opportunities
The set of technological opportunities in a given industry is one of the fundamental determinants of technical advance in that line of business. We examine the concept of technological opportunity
The satisficing principle in capability learning
The model provides the framework for a discussion of various influences on the aspiration level in the satisficing model, and hence on the nature of the capability that has been achieved when learning stops; how such ‘re‐ignition’ of learning may occur as a result of an organizational crisis, or of the institution of a quality management program.
Understanding corporate coherence: Theory and evidence
Abstract Multiproduct firms are perceived to be coherent in their scope, yet there is no strong theoretical foundations to explain coherence in modern industrial organization theory. This paper shows
Replication as Strategy
Replication, a familiar phenomenon sometimes referred to as the "McDonalds approach," entails the creation and operation of a large number of similar outlets that deliver a product or perform a
Schumpeterian Competition in Alternative Technological Regimes
Abstract This paper presents an extension of the Nelson-Winter model of Schumpeterian competition that focuses on certain features of the ‘historical’ shape of industry evolution, particularly on the