This path-breaking book provides unique insights into the organisational realities of strategic reconfigurations in uncertain markets, thus advancing the dynamic capability perspective. Dynamic capabilities continue to excite academics. It is a perspective that promises explanations of competitive advantage, but its full potential remains somewhat hidden behind abstract notions. This eloquent volume seeks to overcome the challenge by combining the theory and practice of organisational resource configurations. Joint contributions by expert academics and business executives demystify, but also confirm, elements of the theory. Thus, the book integrates dynamic capabilities with organisational realities as well as with adjacent theories of strategic innovation and entrepreneurship. "Strategic Reconfigurations" provides a guide to strategic management in turbulent times, for students, researchers, and professionals alike. Business executives in high-velocity markets will find the book invaluable.
List of figures
List of tables
List of contributors
Foreword by David Teece
Introduction by Stuart Wall and Carsten Zimmermann and Ronald Klingebiel and Dieter Lange 1
Pt. I Dynamic Capabilities and Organisational Theory
1 Leveraging dynamic capabilities: a contingent management control system approach by Ian McCarthy and Brian Gordon 13
2 The impact of opposing governance systems on radical innovation: insights from the dynamic capabilities view by Michael Horn and Carsten Zimmermann 33
3 Shaping the context for learning: corporate alignment initiatives, environmental munificence and firm performance by Sebastian Raisch and Florian Hotz 62
4 Knowledge-based perspective on dynamic capabilities by Aino Kianto and Paavo Ritala 86
Pt. II Dynamic Capabilities and Strategic Entrepreneurship
5 Strategic management theory and the state: insights from the dynamic capabilities view by Dan Breznitz and Carsten Zimmermann 107
6 Resource acquisition and venture survival in the telecommunications industry by Berna Polat 130
7 Growth paths and economic success by Thomas Hutzschenreuter and Fabian Gunther and Johannes Voll 162
8 Deploying strategic initiatives: further consideration of the flexibility-stability balance by Ronald Klingebiel 192
9 A dynamic capability framework: generic types of dynamic capabilities and their relationship to entrepreneurship by Einar Lier Madsen 223
Pt. III Dynamic Capabilities in Practice
10 The power of fixed mobile convergence: the changes in the telecommunications industry and the role of dynamic capabilities by Stefanie Duker and Silvia Bossow-Thies and Philipp Zimmermann and Dieter Lange 243
11 Strategic value chain redefinitions: operationalising the dynamic capability view by Ronald Klingebiel and Dieter Lange