Dynamic Capabilities of Universities in the Knowledge Economy
Ruxandra Bejinaru ()
Additional contact information
Ruxandra Bejinaru: Ștefan cel Mare University of Suceava
Management Dynamics in the Knowledge Economy Journal, 2017, vol. 5, issue 4, 577-595
The purpose of this paper is to analyze how universities can develop dynamic capabilities based on their strategic resources in order to increase their competitiveness in the knowledge economy. ”Dynamic capabilities” is a concept introduced by Teece, Pisano, and Shuen (1997) to emphasize the managerial capacity of a given organization of using efficiently its strategic resources in transforming opportunities in business success. They reflect the capacity of the organization to sense, seize, adapt to the changing environment. For a university, the most important strategic resources are information, knowledge, and ideas which constitute its intellectual capital. The present paper is analyzing critically these strategic resources of a university and the necessary conditions to develop dynamic capabilities in order to use efficiently these resources in a turbulent economic environment. Universities are in the knowledge economy the most important hubs for knowledge creation and its transfer to the students, as well as to their communities. At the same time, professors contribute to the development of the generic thinking skills of their students to help them for employability in a future with many new jobs and new business activities.
Keywords: competitive advantage; dynamic capabilities; knowledge dynamics; knowledge economy; strategic management; universities. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nup:jrmdke:v:5:y:2017:i:4:577-595
Access Statistics for this article
Management Dynamics in the Knowledge Economy Journal is currently edited by Contantin BRATIANU, Florina PINZARU and Alexandra ZBUCHEA
More articles in Management Dynamics in the Knowledge Economy Journal from College of Management, National University of Political Studies and Public Administration Contact information at EDIRC.
Series data maintained by Cristian-Mihai VIDU ().