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    • Publisher:
      Cambridge University Press
      Publication date:
      04 September 2025
      02 October 2025
      ISBN:
      9781009562713
      9781009562751
      9781009562744
      Creative Commons:
      Creative Common License - CC Creative Common License - BY Creative Common License - NC
      This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC 4.0.
      https://creativecommons.org/creativelicenses
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      (229 x 152 mm)
      Weight & Pages:
      0.27kg, 86 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.138kg, 86 Pages
    • Series:
      Elements in Business Strategy
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    Series:
    Elements in Business Strategy

    Book description

    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.

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