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
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Strategic Framework & Marketing Strategy of Canon Canon is an established international firm in the photocopy and imaging industry. It operates in diverse range of markets which includes business solution‚ computer imaging‚ broadcast and communication‚ medical system and industrial product. The analysis of the internal structures and culture of Canon was carried out by using the McKinsey’s 7S model and SWOT framework to analyse the companies internal capabilities. This strategic framework is divided
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resources and competences and show how they are creating competitive advantage. This will be illustrated through the identification of the key drivers of competitive advantage. A strategic capability analysis of an organisation‚ namely Marks and Spencer. will be undertaken in order to identify which capabilities meet the criteria of value‚ rarity‚ robustness and non-substitutability. This study will be used to emphasise the impact of these key drivers which are likely to have an impact on the competitive
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1a) Dynamic capabilities are abilities which enable the organisation to renew and recreate its strategic capabilities to meet the needs of the changing environment. It is the capacity of an organisation to change which enables them to adapt more readily. Sustainable competitive advantage relies on resources‚ competencies and capabilities evolving with the dynamics of the industry. Sustainable competitive advantage is achieved when an organisation’s capabilities are of value to customers‚ unique
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3.0 Resources and capabilities This paragraph begins by laying out the theoretical dimensions: Resources and capabilities Definition of resources In order to get a deeper understanding of the concept resources‚ a definition can shed some light on this matter. While a variety of definitions of the term resources have been suggested in the literature of resources‚ this paper introduces the definition first suggested by Teece et al. (1997) who determined resources as ‘firm – specific assets that
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five-year first phase of the plan‚ which began in 1996‚ Canon inculcated in the Group the concepts of profit orientation and total optimization‚ introducing production reforms by means of the cell production system‚ and cash flow-based consolidated business performance evaluation. In the second phase of the plan‚ which began in 2001‚ they have aimed to become No.1 in all our businesses and strengthen our research and development capabilities. During this phase they have achieved tremendous results
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Case Study: Canon - Competing on Capabilities Introduction In 1925‚ a German camera maker named Oskar Barnack‚ developed a new‚ ground-breaking camera called the Leica. It was not until 1933 that a company responded to the success of Barnack’s creation and produced their own 35 millimeter version of his innovative design. Thus was born the Canon Company. By the 1950’s‚ Canon attained the title of leading producer of cameras in Japan. Since that time‚ Canon has made it a point to expand and diversify
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multicultural canon it would be very complicated due to cultures accommodate a variety of values and beliefs‚ and if we could manage to have a multicultural canon there would be conflict about what
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Introduction A company’s capability means the ability to innovate‚ or to respond to changing customer needs. Organizational capabilities are key intangible assets that make a significant difference when it comes to market value. Organizational capabilities are stable over time and more difficult to copy than other competitive advantages like product strategy or technology. A capabilities audit can show a company how measure up and how to build on intangible strengths to implement cultural interchange
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The literary canon lens is the ideal lens to view 1984 through because it forces the reader to look for the themes that made the book to be considered literary canon as well as analyzing the importance of these themes. Often times‚ when 1984 is brought up‚ the first thing to come to mind for many people is the seemingly omnipotent Big Brother and his emotionless herd of followers‚ and Big Brother’s power of surveillance and persecution. Big Brother’s impact on society and popular culture can be seen
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