Adaptability Through Dynamic Capabilities

How Management Can Recognize Opportunities and Threats

verfasst von: Herbert Endres

Verlag: Springer Fachmedien Wiesbaden

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

This book discusses theories and frameworks addressing the adaptability and sustainable competitive advantages of firms, including dynamic capabilities. This work develops and examines a concept that makes dynamic capabilities more tangible and provides guidance to managers and researchers on how to develop and maintain sustainable competitiveness. The focus thereby lies on sensing, i.e., the capability of firms to recognize opportunities and threats in their environment, and its effect on a firm’s financial success. The insights from this work will shift managers’ attention from the more static resource-based view to the dynamic capabilities perspective on firms.

Inhaltsverzeichnis

Frontmatter

Chapter 1. Introduction

Abstract

The economic, social, and technological environment in which organizations operate today is becoming more and more dynamic and complex. This means that managers are confronted with new challenges (Barreto, 2010; Oreja-Rodríguez & Yanes-Estévez, 2010). The markets are changing at an increasing speed, and companies are faced with increasing pressure of competition, and also an increasing need for information in almost all areas.

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Chapter 2. Frameworks and Theories around Dynamic Capabilities

Abstract

In this dynamic and complex environment as introduced in Chapter 1.1, the essence of an organization as being to coordinate people’s activities and to connect these activities to a meaningful whole is challenged, as although the fast-evolving environment requires fast coordination, it nonetheless still requires efficiency within the company as well (Kieser & Ebers, 2006). This also entails the constant monitoring of the environment, and a constant questioning of how to address requests resulting from environmental changes.

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Chapter 3. Theoretical Introduction to the Models

Abstract

The research gap of making “dynamic capabilities more tangible by examining and specifying the sensing capability”, as introduced in Chapter 1, has been derived not only from suggestions by specific researchers but also from a literature review. It is probably evident that an overview of what has been done in the research on dynamic capabilities must be gained to ensure the relevance of this research project. The two articles by Barreto (2010), and Eriksson (2014) provide a good source in this regard. In order to ensure that no important study on the topic of dynamic capabilities has been left out, a separate literature review based on the search for the keyword “dynamic capabilities” in the EBSCO Business Source Premier Database, ScienceDirect, and Google Scholar was conducted.

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Chapter 4. Derivation of the Research Hypotheses

Abstract

Now that the theoretical foundations of this study have been introduced, a short summary of the research field will be given, followed by the hypotheses in Chapter 4.2.

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Chapter 5. Methodical Foundations and Operationalization

Abstract

The structural equation analysis, which is used for this study, is one of the multivariate analysis methods examining structure (Backhaus & Weiber, 2007). When there is a complex relation structure between manifest or latent variables, and the aim is to examine the effect correlations quantitatively, a structural equation analysis is recommended (Weiber & Mühlhaus, 2010). According to the fact that Model 1 includes a context variable (“environmental dynamism”), and both models in this study have a high complexity, the structural equation modeling seems to be ideal for quantitatively examining the cause-effect relationships

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Chapter 6. A New Empirical Study

Abstract

The questionnaire was generated based on the procedures recommended by Churchill (1979), and Gerbing and Anderson (1988). The method of investigation applied in this study evolved through a combination of exploratory qualitative interviews, a review of the literature on sensing, and a survey pretest.

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Chapter 7. Overall Summary and Contribution

Abstract

In this chapter, which is structured in three sections, an overview of the dissertation is given along with the contributions to research and practice. Chapter 7.1 provides an overall summary of the dissertation to illustrate briefly the basic idea behind this research project, the derivation of the concept, the operationalization, the procedure, and the main findings of this study. Chapter 7.2 highlights the contributions of this thesis to research, followed by the practical implications for companies and their management in Chapter 7.3 and some concluding remarks in Chapter 7.4.

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Backmatter

Titel: Adaptability Through Dynamic Capabilities
verfasst von: Herbert Endres
Verlag: Springer Fachmedien Wiesbaden
Electronic ISBN: 978-3-658-20157-9
Print ISBN: 978-3-658-20156-2
DOI: https://doi.org/10.1007/978-3-658-20157-9