Strategic Management Journal Strat. Mgmt. J.‚ 21: 1105–1121 (2000) DYNAMIC CAPABILITIES: WHAT ARE THEY? KATHLEEN M. EISENHARDT* and JEFFREY A. MARTIN Department of Management Science and Engineering‚ Stanford University‚ Stanford‚ California‚ U.S.A. This paper focuses on dynamic capabilities and‚ more generally‚ the resource-based view of the firm. We argue that dynamic capabilities are a set of specific and identifiable processes such as product development‚ strategic decision making‚ and
Premium Knowledge Decision making Strategic management
Memory is our ability to encode‚ store‚ retain‚ and subsequently recall information and experiences in the human brain. Unlike a computer memory‚ humans have a cognitive memory system that selectively takes information from the senses and converts it into meaningful patterns that we store and access later as needed. These memory patterns‚ then‚ form the raw material for thought and behavior‚ which in turn enables you to recognize a friend’s face‚ ride a bicycle‚ recollect a trip six flags‚ and
Premium Memory
Memory Fundamentals processes relating to memory 1. Encoding – the process by which information is initially recorded in the memory 2. Storage – the maintenance of material saved in the memory 3. Retrieval –when the material in the memory storage is located‚ brought into awareness and used. Three kinds of memory storage systems (Memory Storehouses) 1. Sensory Memory – the initial‚ momentary storage of information‚ lasting only an instant 2. Short-term memory – which
Premium Memory Amnesia Hippocampus
Lesson 1 What Is A Group? • Every group evolves out of a purpose (strong or weak) • The most successful teams are driven by a strong purpose‚ often envisioned by an inspiring and visionary leader Definitions of Groups • A Psychological Group is any number of people who (a) interact with each other‚ (b) are psychologically aware of each other‚ and (c) perceive themselves to be a group. Huczynski & Buchanan • A Group is defined as two or more individuals interacting and interdependent‚
Free Sociology Social psychology Sociological terms
Memory Memory is the vital tool in learning and thinking . We all use memory in our everyday lives. Think about the first time you ever tied your shoe laces or rode a bike; those are all forms of memory ‚ long term or short. If you do not remember anything from the past ‚ you would never learn; thus unable to process. Without memory you would simply be exposed to new and unfamiliar things . Life would be absent and bare of the richness of it happy or sorrow. Many scientists are still unsure of
Premium Memory processes Long-term memory Time
different from families in the past. When exploring family relationships and dynamics. It is important to understand the ways that families work‚ how they relate to each other and how they function in society in terms of child rearing. The family still remains the central until to raising children in society today. But there have ways that technology affects the family dynamics. What is Family dynamics? Family dynamics refers to the ways in which family members relate to one another. Because humans
Premium Family
1. Studying Group Attitudes and Behaviors Sociologists study interactions within groups‚ and between both groups and individuals. 1. Studying Group Attitudes and Behaviors Sociologists study interactions within groups‚ and between both groups and individuals. A social group has been defined as two or more humans who interact with one another‚ share similar characteristics and collectively have a sense of unity. Groups can be categorized according to size. Individual behavior has been shown to
Premium Sociology
The Dynamics of Competition 1.0 Competition: Introduction: All companies survive in an external environment that influences their working. The external environment is the foundation of resources essential for existence. On the other hand‚ as the competitive dynamics in a business change‚ companies working in that business have to alter the method they compete for required resources. This alteration in operations is necessary for the sustained attainment of key resources. In other words‚ as the
Premium Strategic management Porter generic strategies Competition
Remembered Event A remembered event is when something important and interesting happens in a person’s life. These days will leave good memories and emotions in people’s mind and it will be memorable forever. These days are usually one that people will always want to talk about and remember every moment of it. One of the most remembered events in my life is the birth of my brother. It was March‚ 2008 when I found out that my mother is pregnant. I was upset at the beginning‚ because all my life
Free Family English-language films
Microsoft Dynamics ERP systems for managing companies have been‚ and are‚ a key factor in business development. Its continuous evolution‚ have passed being a mere tool‚ to be a competitive and strategic element‚ even to generate new business models based on their development. These systems have been forced to evolve dramatically in recent times to accommodate different‚ rapid and significant advances both technological‚ and in terms of policies and philosophies of management in the company. Currently
Premium Enterprise resource planning Microsoft Supply chain management