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Dynamic capabilities and strategic paradox: a case study

Bohl, Patrick (2015) Dynamic capabilities and strategic paradox: a case study. Vezetéstudomány - Budapest Management Review, 46 (11). pp. 25-38.

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Abstract

Today’s business leaders must constantly review and develop their firm’s abilities to adapt to and benefit from external changes. Dynamic capabilities are the capacity of an organization to purposefully create, extend or modify its resource base. They enable it to exploit business, technological and market opportunities and adapt to market changes, an ability more often observed in highly dynamic industries, such as consumer electronics or telecommunications. Using the case study method, this article identifies dynamic capabilities in traditional, less dynamic industries when faced with a sudden drop of revenue. Four distinct routines emerge, namely structure and practices enduring time-sensitive strategic decision-making by the tice, and a culture encouraging learning and coevolving. Seemingly strategic paradox objectives encourage the management team to question the status quo and, when managed well, transform the tensions between old and new into an ability to advance superior ideas faster.

Item Type:Article
Uncontrolled Keywords:dynamic capabilities, business model, strategy, change management, leadership
Subjects:Management, business policy, business strategy
ID Code:2169
Deposited By: Ádám Hoffmann
Deposited On:07 Dec 2015 14:24
Last Modified:21 Dec 2018 15:18

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