The dynamic capabilities framework outlines the means by which the managers of business enterprises foster and exercise organizational and technological capabilities and business strategy to address current and anticipated market and geopolitical conditions. In a firm with strong dynamic capabilities, managers can establish and periodically renew the competitive advantage of the business enterprise by not just responding to but shaping the business environment. This Element relates the dynamic capabilities framework to important concepts from the business and economics literature, demonstrating how it applies to today's business challenges. It also offers a capabilities perspective on a theory of the firm. Most existing theories of the firm caricature today's business enterprise. For advanced students of business, this Element provides a deeper understanding of the dynamic capabilities framework. For managers and boards, it shows how the analytical tools and mindsets that help to make their firms future-ready can be better understood in terms of the dynamic capabilities framework. This Element is also available as Open Access on Cambridge Core.
| ISBN: | 9781009562751 |
| Publication date: | 2nd October 2025 |
| Author: | David J Teece |
| Publisher: | Cambridge University Press |
| Format: | Hardback |
| Pagination: | 75 pages |
| Series: | Cambridge Elements. Elements in Business Strategy |
| Genres: |
Business strategy Management: leadership and motivation Business studies: general Business innovation |
The dynamic capabilities framework outlines the means by which the managers of business enterprises foster and exercise organizational and technological capabilities and business strategy to address current and anticipated market and geopolitical conditions. In a firm with strong dynamic capabilities, managers can establish and periodically renew the competitive advantage of the business enterprise by not just responding to but shaping the business environment. This Element relates the dynamic capabilities framework to important concepts from the business and economics literature, demonstrating how it applies to today's business challenges. It also offers a capabilities perspective on a theory of the firm. Most existing theories of the firm caricature today's business enterprise. For advanced students of business, this Element provides a deeper understanding of the dynamic capabilities framework. For managers and boards, it shows how the analytical tools and mindsets that help to make their firms future-ready can be better understood in terms of the dynamic capabilities framework. This Element is also available as Open Access on Cambridge Core.
Dynamic Capabilities features in the following genres: Business strategy, Management: leadership and motivation, Business studies: general, Business innovation
Dynamic Capabilities is available in Paperback, Hardback
Dynamic Capabilities was written by David J Teece and published by Cambridge University Press
Dynamic Capabilities has 75 pages
Yes it is part of Cambridge Elements. Elements in Business Strategy series
£44.99