
Dynamic Capabilities
Foundational Concepts
David J. Teece(Author)
Cambridge University Press
Published on 2. October 2025
Book
Hardback
86 pages
978-1-009-56275-1 (ISBN)
Description
The dynamic capabilities framework outlines the means by which the managers of business enterprises foster and exercise organizational and technological capabilities and business strategy to address current and anticipated market and geopolitical conditions. In a firm with strong dynamic capabilities, managers can establish and periodically renew the competitive advantage of the business enterprise by not just responding to but shaping the business environment. This Element relates the dynamic capabilities framework to important concepts from the business and economics literature, demonstrating how it applies to today's business challenges. It also offers a capabilities perspective on a theory of the firm. Most existing theories of the firm caricature today's business enterprise. For advanced students of business, this Element provides a deeper understanding of the dynamic capabilities framework. For managers and boards, it shows how the analytical tools and mindsets that help to make their firms future-ready can be better understood in terms of the dynamic capabilities framework. This Element is also available as Open Access on Cambridge Core.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Illustrations
Worked examples or Exercises
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 10 mm
Weight
289 gr
ISBN-13
978-1-009-56275-1 (9781009562751)
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Schweitzer Classification
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Additional editions

Book
10/2025
Cambridge University Press
€26.70
Shipment within 15-20 days
Person
Content
1. Introduction; 2. Capabilities: an introduction; 3. Dynamic capabilities: some foundational concepts; 4. The economic theory of the firm; 5. Building a capabilities theory of the firm; 6. Conclusions; References.