EAN: 9783960671367

HANDBOOK ON DYNAMIC CAPABILITY - K L PRASANNA K...

In this book  the concepts of innovation and dynamic capabilities are thoroughly studied and
evolved into a new conceptualization for integration. Since the nature of business
organizations is to strive for achievement of competitive advantage relentlessly  it is
imperative for business organizations to develop suitable capabilities and  thus  leverage them
to gain an advantageous edge in the business environment. The dynamic capabilities that are
built and deployed by firms to cope with changing business conditions help the firms to adapt
to the demand of the situation through resource mobilization and effective management. Dynamic
capabilities usually appear in varied breadth and span and culminate into hierarchical stages.
The current century business slogan Innovation is adapted and considered by every business
firm. Development and maintenance of innovation is being perceived as a critical organizational
function by managers. It is unanimously agreed upon by senior managers that there is a need for
the building of organizational capabilities to promote innovation for a competitive advantage
and to get the most benefit from such innovations in changing scenarios. This requires the
integration of dynamic capabilities and innovation management disciplines for building
innovation management capabilities in organizations.

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