Strategy as Evolution with Design: The Foundations of Dynamic Capabilities and the Role of Managers in the Economic System Export

@article{citeulike:6043481, abstract = {This paper discusses the intellectual roots of the dynamic capabilities framework. We draw on insights from Edith Penrose as well as others in order to help explain the essence of the business enterprise, and how it can escape the zero profit trap. We see the business enterprise as being in part a product of its own history, but not completely so. Managers can shape outcomes and are not completely trapped by prior decisions and investments. We call this `evolution with design', leaving room for both evolutionary processes as well as intentional design. This conclusion is consistent with Penrose's contributions to the theory of the firm. 10.1177/0170840608094776}, author = {Augier, Mie and Teece, David J.}, citeulike-article-id = {6043481}, citeulike-linkout-0 = {http://dx.doi.org/10.1177/0170840608094776}, citeulike-linkout-1 = {http://oss.sagepub.com/content/29/8-9/1187.abstract}, citeulike-linkout-2 = {http://oss.sagepub.com/content/29/8-9/1187.full.pdf}, day = {1}, doi = {10.1177/0170840608094776}, journal = {Organization Studies}, keywords = {capabilities, design, dynamic, economic, evolution, foundations, managers, role, strategy, system}, month = {August}, number = {8-9}, pages = {1187--1208}, posted-at = {2009-10-30 15:40:05}, priority = {3}, title = {Strategy as Evolution with Design: The Foundations of Dynamic Capabilities and the Role of Managers in the Economic System}, url = {http://dx.doi.org/10.1177/0170840608094776}, volume = {29}, year = {2008} }

TY - JOUR ID - citeulike:6043481 L3 - citeulike-article-id:6043481 N2 - This paper discusses the intellectual roots of the dynamic capabilities framework. We draw on insights from Edith Penrose as well as others in order to help explain the essence of the business enterprise, and how it can escape the zero profit trap. We see the business enterprise as being in part a product of its own history, but not completely so. Managers can shape outcomes and are not completely trapped by prior decisions and investments. We call this `evolution with design', leaving room for both evolutionary processes as well as intentional design. This conclusion is consistent with Penrose's contributions to the theory of the firm. 10.1177/0170840608094776 IS - 8-9 JF - Organization Studies EP - 1208 TI - Strategy as Evolution with Design: The Foundations of Dynamic Capabilities and the Role of Managers in the Economic System VL - 29 SP - 1187 KW - capabilities KW - design KW - dynamic KW - economic KW - evolution KW - foundations KW - managers KW - role KW - strategy KW - system AU - Augier, Mie AU - Teece, David PY - 2008/08/01/ UR - http://dx.doi.org/10.1177/0170840608094776 ER -