Dynamic capabilities and knowledge management The dynamic capabilities concept was formed and has been developed by integration of evolutionary theory, transaction cost theory, and the organisational learning and tacit knowledge concepts. As a result, it helps to weaken essential dichotomies of the strategic management theory, especially those relating to „internal and external” factors, a task that is of particular topical interest in today’s environment.
The concept has at the centre of its attention the knowledge of the firm on how to manage its resources proactively in order to form new asset combinations and thereby capture economic rent. This knowledge is of particular importance if firms are to compete in the knowledge economy. The dynamic capabilities paradigm opens up perspectives for the all-encompassing analysis of various business strategy aspects, especially those that are crucial in ensuring a firm’s longterm success, such as entrepreneurship, change management or knowledge-based competitiveness. The concept of dynamic capabilities reveals what in fact amounts to a new mechanism of developing competitive advantages, one that is characteristic of innovative, informationdriven economy. This mechanism is founded not just on the firm’s pool of tacit knowledge (its key strategic asset), but primarily on the firm’s ability to capture economic returns from its knowledge assets.
An argument may be put forward that the dynamic capabilities concept is at the core of a new strategy paradigm being formulated, and forms part of a new stage in strategic management theory
Management by Values - a strategic dimension This article presents the strategic aspects of the Management by Values concept. The author tries to prove that implementation of this concept in an organization helps to form a stable and competitive organizational culture, which is accepted by the organization’s members. MBV can be defined as a philosophy and practice of management, linking the basic values of the organization with its strategic objectives.
It has been assumed that leadership has always been connected with human values. The role of the leader is to manage the organization consistently with its strategic objectives and basic values. This requires that a system of values be created, which members of the organization will adhere to in their work. By making the strategic vision “more human”, the organization can not only survive but also ensure growth with the optimal financial result, using the personal involvement of its internal and external stakeholders.
The aim of this paper is to contribute to the debate on the concept of dynamic capabilities of enterprises and present of its principles from the perspective of strategic management. The paper starts with the presentation of importance of paradigms in strategic management. It is followed by the discussion of the concept of dynamic capabilities and of the strategic aspects of the concept of dynamic capabilities of enterprises
The aim of this paper is to contribute to the debate on the directions of change of contemporary organizations and present assumptions of a management concept based on flexible goals. The paper starts with the presentation of conditions in which modern organizations operate. It is followed by the discussion of the essence of the concept of governance based on flexible goals and description of the principle of agreement about relative improvements. Finally, a model of the organization implementing the management process based on flexible goals is presented and the rules of management based on flexible goals are defined.
The purpose of the article is to contribute to the discussion on the network concept of strategic management and the limitations thereof. The article opens with a presentation of the origin of the concept of network organizations, which further on allows the author to discuss the concept of networks in strategic management, pinpoint its limitations and assess the validity of the assumption that a new paradigm of the strategic management theory is emerging.
The underlying assumption of the article is that imitation is as important as innovation when creating a long-term competitive advantage, and that a systematic, strategic approach to imitation is necessary to ensure efficient and effective innovation. Viewed in this light, imitation is a rare and complex dynamic capability which organisations should properly develop and skillfully use. Imitators provide customers with products that are both better and cheaper. This article contributes to a discussion of innovative processes and their role in shaping dynamic capabilities of organisations. It attempts to portray the essence and nature of imitation and identifies benefits which copying what other organisations do can bring in terms of dynamic capabilities.
The purpose of this article is to discuss the results of our research into how different resources impact the effectiveness of dynamic capabilities processes in Polish businesses. As a starting point, the article characterises the nature and character of dynamic capabilities in Polish firms as well as highlighting the significance of different resources in developing those capabilities. On that basis conclusions are offered regarding the relationship between those resources and the effectiveness of capabilities-shaping processes.
Potential for imitation as a dynamic capability of organisation Until recently, what was treated as unique resources in strategic management were financial, human and other resources, and their uniqueness was examined mostly in quantitative terms. However, globalisation of economic processes has meant that a degree to which resources are unique determine their quality, as a result of which they cannot be evaluated solely in quantitative terms. Such unique resources include competencies, dynamic capabilities and other intellectual resources within organisations, including their potential for innovation and imitation. The purpose of this article is to discuss the construct of potential for imitation considered in terms of the dynamic capability of organisation. The starting point in the study was to outline the essence of the dynamic capabilities of the organization, then the potential of imitation in the dynamic capacity system was embedded in order to finally refer to the link between innovation and imitation.
Dynamic capabilities are an essential theoretical construct that is useful for understanding the phenomenon of competition. However, even though dynamic capabilities and issues relating to them seem to enjoy large popularity, the existing management literature lacks studies into processes that shape dynamic capabilities.
This article attempts to outline the concept of dynamic capabilities and presents the authors’ proposed configuration of the processes that shape dynamic capabilities. A discussion then follows of the results of research into the opportunities-sensing and learning processes and how they shape dynamic capabilities in Polish enterprises.
Intangible assets, such as reputation, brand value, strategic position, alliances, knowledge, human capital, play an increasingly important role in shaping the market value of an organization. At the same time, in the literature it is emphasized that the attribute of intangibility translates into an increased risk of destruction or impairment of assets. Thus, the research problem associated with the analysis of organizational reputation risk management as a component of the dynamic capabilities management process should be considered important from the point of view of management science. The study attempts to outline the concept of dynamic capabilities, define the concept of risk and subsequently discuss the relationship between dynamic capabilities and organizational reputation risk management.