Dynamic Capabilities Understanding Strategic Change in Organizations

Creating, adapting to, and exploiting change is inherently entrepreneurial. To survive and prosper under conditions of change, firms must develop the “dynamic capabilities” to create, extend, and modify the ways in which they operate. The capacity of an organization to create, extend, or modify its resource base is vital.

Since the concept of dynamic capabilities was first introduced, much research has elaborated the initial idea. This important book by Constance Helfat and her team of leading scholars provides a timely focus on in-depth examples of corporate dynamic capabilities. Examining these in the different contexts of alliances, acquisitions, and management, the book gives students and researchers a succinct, up-to-date definition of dynamic capabilities and the strategic management theories around them.

Features:

• Shows how firms must adapt to and exploit changes in their business environment in order to survive - ie they need 'dynamic capabilities'.
• Provides a succinct yet comprehensive definition of dynamic capabilities.
• Offers case examples and empirical performance measures to test the concept of dynamic capability and demonstrate how it can be used.
• Examines the organizational and managerial processes that underly the successful evolution of capabilities.
• Develops the concept of 'dynamic managerial capabilities' to explore managers' capacity to create or extend their corporate resources.