Pisano on dynamic capability: why size matters

Sidney Winter ()

Industrial and Corporate Change, 2018, vol. 27, issue 6, 1181-1186

Abstract: Business firms and other organizations have various sorts of competence at dealing with change. Dynamic capability is a particular sort of competence that goes largely unrecognized in mainstream economics, but has been much illuminated in the strategic management literature. Pisano extends this illumination and restores the grounding of the discussion in fundamental issues of strategic choice. This comment emphasizes that dynamic capability is particularly a feature of the largest firms – those to whom society has de facto delegated a central responsibility for making significant economic use of the possibilities that the progress of knowledge has revealed.

JEL-codes: L1 M1 (search for similar items in EconPapers)
Date: 2018
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