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Dynamic Capabilities and Strategic Management: Organizing for Innovation and Growth Hardcover – June 1, 2009

ISBN-13: 978-0199545124 ISBN-10: 019954512X Edition: 1st

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Editorial Reviews

Review

"... one of the most accomplished academics in the field of strategic management... Dynamic Capabilities and Strategic Management is a succinct statement of what has come to be the prevailing academic school of thought in the field of strategy." - Phil Rosenzweig, Strategy + Business 57, Winter 2009


"David Teece's concept of dynamic capabilities integrates the resource-based theory of the firm with an evolutionary view of economic processes. This important book combines
theoretical insight with practical advice for both managers and policy makers."--John Kay, Fellow of St John's College, University of Oxford, and author of The Truth about Markets


About the Author


David J. Teece is Chaired Professor of Haas Business School at the University of California, Berkeley. He has been included on the "A-List of Management Academics 2011" by Business Educators, an orgazination which seeks to facilitate collaborations between business academics and professionals.
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Product Details

  • Hardcover: 272 pages
  • Publisher: Oxford University Press; 1 edition (June 1, 2009)
  • Language: English
  • ISBN-10: 019954512X
  • ISBN-13: 978-0199545124
  • Product Dimensions: 8.6 x 1 x 5.4 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Best Sellers Rank: #946,543 in Books (See Top 100 in Books)

More About the Author

Dr. David J. Teece is an economist and an authority on matters of industrial organization, technological change, and innovation, particularly as it relates to antitrust and competition policy and intellectual property. He is the Thomas W. Tusher Professor in Global Business at the Haas School of Business at the University of California, Berkeley, and a member of the board of overseers for the faculty of arts and sciences at the University of Pennsylvania. Dr. Teece has a Ph.D. in economics from the University of Pennsylvania and has held teaching and research positions at Stanford University and Oxford University. He has received four honorary doctorates.

Dr. Teece has over 30 years of experience as an active consultant performing economic, business, and financial consulting services to businesses and governments around the world. He has worked on matters in industries ranging from music recording to DRAMS, software, lumber, and petroleum, and has testified in both federal and state court, before Congress, and before the Federal Trade Commission, as well as in several international jurisdictions. He is the author of more than 200 books and articles, and is the co-editor of Industrial & Corporate Change (Oxford University Press).

According to Science Watch (November/December 2005), he is the lead author on the most cited article in economics and business worldwide from 1995 to 2005. He is also one of the top-10 cited scholars for the decade and has been recognized by Accenture as one of the world's top-50 business intellectuals. In addition, he is among the "A-List of Management Academics 2011," an honorary group of 30 accomplished and distinguished U.S. business professors.

Dr. Teece co-founded Berkeley Research Group, LLC in 2010 and serves as chairman and principal executive officer. He was chairman and co-founder of LECG (1988-2007) and vice-chairman from 2007 to 2009.

Customer Reviews

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Most Helpful Customer Reviews

7 of 7 people found the following review helpful By J. G. Colton on July 12, 2009
Format: Hardcover
In Dynamic Capabilities author David Teece (with contributions from Mie Augier) successfully brings the study of the firm into the modern era. Drawing extensively on older theories to describe and analyze business economics, Teece explains why these theories are not able to explain fully how businesses succeed or fail in a time of rapid technological innovation, knowledge-based industries, changing customer demands and multinational competition. The author is both descriptive and prescriptive as he outlines how entrepreneurial management is the key to achieving an adequate return - management that is able to sense changes in the economic environment, seize the opportunities those changes present, and, by orchestrating the tangible and especially intangible assets available both inside and outside the firm, exploit market opportunities. Teece ably explains why a business that merely responds to the current market, even if it does so superbly, will ultimately fail unless it is capable of change. Thus the dynamic capabilities of management and business structures responsive to change become the chief determinants of which businesses will succeed and grow and which will not.

Though academic in style, and a useful text for the student of business economics, the book is written to be accessible to practitioners of management as well. The businessman whose MBA certificate is yellowing in its frame will have no trouble understanding it. Indeed, it should be must reading for anyone running, investing in or serving as a director of any business, large or small. Firms which lack such dynamic capabilities will survive only if they develop or acquire them.
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2 of 2 people found the following review helpful By Gerard Kroese on December 30, 2010
Format: Hardcover
David J. Teece is a Chaired Professor at the University of California Berkeley, where he was the Director of the Institute of Management, Innovation and Organization. He is the author and co-author of numerous articles and books. Teece is supported by Stanford University Fellow Mie Augier. This book was published in 2009, is split into 3 parts, consisting of 1-to-5 chapters, plus a preface.

Teece explains in the preface that "Strategic management is about the major decisions and investments needed to achieve the goals of the enterprises ...". He continues in Chapter 1 that the ambition of the dynamic capabilities framework is nothing less than to explain the sources of enterprise-level competitive advantage over time. "... dynamic capabilities can be disaggregated into the capacity (1) to sense and shape opportunities and threats, (2) to seize opportunities, and (3) to maintain competitiveness through enhancing, combining, protecting, and when, necessary, reconfiguring the business enterprise's intangible and tangible assets." Each of these are discussed in detail together with the microfoundations, such as the distinct skills, processes, procedures, organizational structures, decision rules, and disciplines, undergirding them. The other 4 chapters within Part 1 focus on further exploration of dynamic capabilities, from the (entrepreneurial) role of the manager, via the foundations and resources through to the impact on the multinational enterprise. The other 2 parts takes a high-level view of the business enterprise in the economy with Part II looking at the business enterprise in economic development and Part III focusing on the nature of competition during rapid technological change.

Yes, I do like this book.
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1 of 1 people found the following review helpful By Andres Kutt on August 1, 2013
Format: Kindle Edition Verified Purchase
I'd recommend this book together with the Helfat's et al for academic people who want to understand the nature of dynamic capabilities. Personally I'll use this text as a reference for dissertation. And although I consider this book more suitable for academic research I picked one very applicable point for business life as well: the success for M&A is higher in case both parties see this as an opportunity to learn smth from the other.
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