Essentials on Dynamic Capabilities for a Contemporary World: Recent Advances and Case Studies (Studies on Entrepreneurship, Structural Change and Industrial Dynamics)

✍ Scribed by Bruno F. Abrantes (editor), Jesper Lind Madsen (editor)

• Publisher: Springer
• Year: 2023
• Tongue: English
• Leaves: 211
• Category: Library

✦ Synopsis

This book is about dynamic capabilities (DCs) in the context of the 21st century, in which global challenges seem to come from different quadrants. For instance, an environmental threat to the planet´s sustainability, or technological advancements disrupting the traditional value chains call for new business models accompanying societal trends. Although the usual approach in dealing with these business models is from a competitiveness perspective, the editors of this book avoid it as the approach seems reductive of what the organizations are required to be aware of and cope with in the modern world only to their organizational ecosystems.
The book offers a compilation of studies on dynamic capabilities covering both cognitive and non-cognitive DCs, according to the managerial and leadership aspects of technological capabilities. Each chapter obeys a certain order, within a particular category of DCs, and their reading along the book is telling a story, showing seminal DCs that a company cannot neglect in the current world. Their grouping also is structured in one way that one might be a preparatory reading for another. Researchers working on the dynamic capabilities approach will particularly benefit from the discussions provided within this book.

✦ Table of Contents

Foreword
Preface
Acknowledgment
Introduction
Contents
List of Contributors
List of Figures
List of Tables
Strategic Adaption (Capabilities) and the Responsiveness to COVID-19´s Business Environmental Threats
1 Introduction
2 Business Environmental Change: Four Key Dynamic Capabilities (DC)
2.1 Strategic Adaptability
2.2 Strategic Agility
2.3 Strategic Flexibility
2.4 Strategic Innovation
3 Instability and Turbulence of the Global Markets
3.1 Contextualization of COVID-19
3.2 Strategic Adaptation and EBE Fitness: Connecting the Four Dynamic Capabilities (DC)
4 Overview of the Cases and Results
4.1 Methodological Procedure and Open-Coding Outputs
4.2 Sense-Making
4.2.1 Responsiveness Scan: Organizations Strategize Too Little´´ 4.2.2 COVID-19 Impact: (Mostly) Negatively 4.2.3 Resilience (Strategizing Is Beneficial and an Advantage) 5 Conclusion References Change-Readiness as an Essential Meta-Dynamic Capability (MDC) Tested Under the Effect of the General Data Protection Regulati... 1 Introduction 2 Evolution of the European General Data Protection Regulation (EU-GDPR) 2.1 A Brief Description: Roots and Overview 2.2 Evolution of Data Laws Since GDPR 2.3 Strategic Effectiveness and Strategic Role of the Data Protection Officer 3 Market Changes and theCapabilization´´ Path to Change-Readiness
3.1 Conceptualizing Dynamic Capabilities (DC)
3.2 Strategic Insights on the Dynamic Capabilities View (DCV)
3.3 Dynamic Capabilities and Implication to Business Competitiveness
3.4 Teecian´s Dynamic Capabilities Framework
3.4.1 Co-Specialization
3.4.2 Asset Orchestration
3.5 Market Orientation and Dynamic Capabilities
3.6 Theoretical Foundations of Change-Readiness (CR)
3.6.1 The Conceptualization of CR and the Theory of Organizational Readiness for Change (TORC)
3.6.2 CR as a Meta-Capability: Strategic Flexibility and Strategic Adaptation
4 Current Perceptions about Compliance and Regulations
5 GDPR´s Readiness in a Three-Step Method
References
Knowledge Management (KM) as Performance Amelioration´s First-Order Capability
1 Introduction
2 Knowledge Management as a Dynamic Capability
2.1 Operational/Ordinary and Dynamic Capabilities
2.2 Knowledge-as-an-Asset (KaaA)
2.3 Knowledge Management as a Process
2.4 Knowledge Management as a System
3 Conclusion
References
Essentials on Financial Literacy, Up-/Reskilling, and Firm Performance: Empirical Evidence from South Asian Public-Owned Compa...
1 Introduction
2 Literature Review
2.1 Essentials on Financial Capabilities
3 Methodological Approach and Data
4 Discussion
References
What Can Companies Do to Adapt Their Business Models Toward a Circular Economy?
1 Introduction
1.1 Background
2 Literature Review
2.1 Linear Economy
2.2 Circular Economy
2.3 Economic Growth and Circular Economy
2.4 Shared Value
2.5 Cradle to Cradle
2.6 ReSOLVE Framework
2.7 Business Model Canvas
2.7.1 Value Proposition and Delivery
2.7.2 SValue Creation
2.8 Businesses´ Potential Drawbacks
3 Discussion
4 Conclusion
References
Linking Strategic with Operational Efficiency: Lesson Learnt from Lean Startup Strategies
1 Introduction
1.1 Background
1.2 Research Gap and Contribution
2 Literature Review
2.1 Startup: Anchors and Stages
2.2 Linking Strategic and Operational Planning with Performance
3 Methodology and Data
3.1 Approach and Case Description
3.2 Data Outputs and Analysis
3.2.1 Qual Data
3.2.2 Quants Data
4 Findings and Conclusions
References
Online Trading and Platform Capabilities on the Chemical Industry in Germany
1 Introduction
1.1 Initial Problem and Research Objectives
2 Literature Review
2.1 The Shift Toward Platforms
2.2 Benefits and Drawbacks of Digital Platforms (for Buyers and Suppliers)
2.3 Uncertainty and the Digitalization Path
2.4 Quest for IT Capabilities in Digital Ecosystems
2.5 Platform-Related Capabilities
3 Data Mining and Findings
4 Discussion
References
Blockchain Technology and the Future of Accounting and Auditing Services
1 Introduction
2 Literature Review
2.1 Microfoundations and Evolutionary Path
2.2 Core Attributes
2.3 Operability
2.4 Triple-Entry Bookkeeping and Blockchain Accounting Capabilities (BAC)
3 Design and Data
3.1 Methodology, Profiling, and Document Analysis Framework
3.2 Results
3.2.1 Impact of BC Technology on the Formation of New Capabilities
3.2.2 Specific (Dis)advantage/s of BC
4 Discussion
References