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Alfiyatul Qomariyah
RBV: how competitive adv. within firms is achieved and how that adv.
might be sustained overtime
RBV: bundles of resources that are VRIN
However
- RBV didnt explain how and why firm have competitive adv. in
dynamic market
- RBV was still doubt about conceptually vague and tautological
- RBV was lack of empirical grounding
- SCA didnt exist in dynamic markets
Then
Dynamic capabilities: integrate, build, reconfigure internal and external
competencies to address rapidly changing environment become the resource
of SCA
Therefore
The purpose of this study: to extend the understanding of dynamic
capabilities and in so doing enhance RBV
Noted: dynamic capabilities are necessary, but not sufficient, conditions for
competitive adv.
Dynamic Capabilities
are the antecedent organizational and strategies routines by which
manager manage their resource base to generate new value-creating
strategies
Dynamic capabilities as identifiable, specific process
- DC integrate resources
- DC focus on reconfiguration of resources within firm
- DC are related to the gain and release of resources, knowledge creation
routines for effective strategy and performance (by alliance and acquisition
routines)
- DC as specific processes often have extensive empirical research bases and
management applicability
Discussion
DC are not tautological, vague, and endlessly recursive
DC are well-known processes that have been studied in their own right,
apart from RBV
DC manage the resources by creating, integrating, recombining, and
releasing them
DC exhibit commonalities across firm that are associated with superior
effectiveness
This study expanded review of routines in terms of moderately and highvelocity market
This study address the evolution of DC that was shaped by learning
mechanism
Conclusion
DC include well-known organizational and strategic processes
(alliance and product development)
RBV faces a boundary condition in high-velocity market where the
duration of competitive adv is unpredictable
In this condition, the strategic imperative is not leverage (RBV), but
change (DC)