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Strategy in turbulent environments: the role of dynamic competence

✍ Scribed by P.N SubbaNarasimha

Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
95 KB
Volume
22
Category
Article
ISSN
0143-6570

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✦ Synopsis

Abstract

It is often observed that firm survival and success have become problematic in the turbulent environments that firms face today. Resource‐based theories propose that sustained competitive advantage is more a function of firm resources than of industry structure. In this paper, the nature of resources that help firms sustain (or try to sustain) a competitive advantage in turbulent environments is queried. Viewing the firm as a stock of knowledge, the argument that dynamic competence or the variety‐generating capability of knowledge is an important antecedent of superior performance in such turbulent environments is developed. Copyright © 2001 John Wiley & Sons, Ltd.

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