The Evolving Firm: How Dynamic and Operating Capabilities Interact to Enable Entrepreneurship
Tóm tắt
In this study, we expand our understanding of firm evolution by focusing on how operating and dynamic capabilities interact through endogenously led changes. The focus on endogenous change complements the current emphasis in the literature on how dynamic capabilities help firms cope with the risk of core rigidities following an exogenous shock. Our comparison of two collaborating firms shows that, at the operating capability level, firms build absorptive capacity in value networks during their product development experiences and this learning needs to be captured at the product portfolio planning level. When this learning is captured and transformed, product portfolio planning acts as a dynamic capability reconfiguring operating capabilities based on beliefs about follow‐on entrepreneurial opportunities. Under conditions of endogenous change, dynamic capabilities are guided by a proactive entrepreneurial logic, complementing the need for reactive adaptive responses in circumstances of exogenous change. A key implication is that dynamic capabilities have a more expansive and critical role in the adaptation of firms than previously considered. Our theorizing shows how interactions between dynamic and operating capabilities build the adaptive capacity of the organization.
Từ khóa
Tài liệu tham khảo
Christensen C. M., 1997, The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail
Christensen C. M., 2003, The Innovator's Solution
Dosi G., 2000, The Nature and Dynamics of Organizational Capabilities, 1
Helfat C. E., 2007, Dynamic Capabilities: Understanding Strategic Change in Organizations
Pisano G. P., 1997, The Development Factory: Unlocking the Potential of Process Innovation
Smit H. T. J., 1999, Real Options and Business Strategy: Applications to Decision Making, 21
Van den Bosch F., 2003, The Blackwell Handbook of Organizational Learning and Knowledge Management
Yin R. K., 2003, Case Study Research: Design and Methods