dynamic capability
Schumpeterian competition
The premise of sustainable competitive advantage is not valid.
Gain temporary competitive advantage up the chain
Ability to change with the environment → Dynamic Capability
Ability to recombine resources capability.
Making routine a "recombination process
Sensing and Sizing David Thies..
sensing
Ability to perceive opportunities and threats
search at [Carnegie school (of economics)
sizing
Investing in distant business opportunities.
Tend to avoid excessively due to high uncertainty
Knowledge-seeking investments
→Failure to → competency lap.
Embedding management's sensing and sizing capabilities in the organization allows the organization to gain dynamic capability
Simple Rules Strategy Kathleen Eisenhart.
Ensure that only a limited number of simple rules are enforced as a routine.
Flexible decision-making to suit the situation
Organizations gain dynamic capability by simplifying decision-making rules for organizational members
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