Strategy in turbulent environments: the role of dynamic competence

SubbaNarasimha P.n
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SubbaNarasimha P.n: Department of Management, G.R. Herberger College of Business, St. Cloud State University, MN, USA, Postal: Department of Management, G.R. Herberger College of Business, St. Cloud State University, MN, USA

Managerial and Decision Economics, 2001, vol. 22, issue 4-5, 201-212

Abstract: It is often observed that firm survival and success have become problematic in the turbulent environments that firms face today. Resource-based theories propose that sustained competitive advantage is more a function of firm resources than of industry structure. In this paper, the nature of resources that help firms sustain (or try to sustain) a competitive advantage in turbulent environments is queried. Viewing the firm as a stock of knowledge, the argument that dynamic competence or the variety-generating capability of knowledge is an important antecedent of superior performance in such turbulent environments is developed. Copyright © 2001 John Wiley & Sons, Ltd.

Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:22:y:2001:i:4-5:p:201-212

DOI: 10.1002/mde.1017

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