Academic literature on the topic 'Dynamic managerial capabilities'

Dynamic managerial capabilities are frequently viewed as a source of influence among decision-making managers within environments of volatility. Conversely, managers postulate that decision-making in rapidly changing environments is never perfect and faces a variety of influencing factors. In addition, industries represent a collection of firms that produce similar goods or services for a particular market. This recipe is often recognized by all industry related firms and adapted accordingly. Similarly, firms comprised as “incumbents” and “challengers” are firms that are well established in the industry and firms that seek to change the industry. Recognizing which influencers affect the managerial decision-making process is necessary to adapt and evolve a firm’s decision-making logic. This thesis presents a detailed study of the Hollywood Film Industry Recipe as it relates to the influencing factors within the green lighting process of feature films among incumbent and challenger studios. An inductive research approach is used to investigate four case studies throughout the Hollywood Film Industry. Two case studies are recognized as industry incumbents while the other two are recognized as industry challengers. The analysis identifies an industry recipe, firm adopted industry and adaptations, and dynamic managerial capabilities utilized through the influence of the process. In addition, an illustration of the industry recipes influence dynamic managerial capabilities adopted by firms. Findings suggest that dynamic managerial capabilities is an output of industry recipes adopted amongst firms, and that refinement of those capabilities is a circular renewal process between managerial judgement and firm/managerial dominant logics. In addition, industry recipes influence the way in which dynamic managerial capabilities are acquired, processed, and absorbed. This study contributes to the field of strategy as it suggests a coherent framework that illustrates how industry recipes influence incumbent and challenger studios within a given industry. Additionally, it also demonstrates how dynamic managerial capabilities are formed and structured based on the adopted industry recipe. Finally, it outlines how decisions are made by managers within incumbent and challenger firms, highlighting a circular process of decision-making with regards to the creation an distribution of an industry related product.

In the last three decades, strategic management scholars have explored the organization’s need to reconfigure its capabilities to leverage opportunities in a changing environment. The first objective of this study was to identify the underlying elements of the managerial processes of dynamic capabilities, and to offer a reconceptualization of the dynamic capabilities construct. The second objective of this investigation was to determine how the reconceptualized dynamic capabilities construct could influence the alignment of ordinary capabilities. Findings from this investigation indicate that organizational processes and managerial processes are unique components of dynamic capabilities. In addition, these organizational processes were found to be significantly and positively correlated with the alignment of ordinary capabilities. Furthermore, managerial processes were found to moderate the relationship between organizational processes and one type of ordinary capability alignment (i.e. innovation-operations capability alignment). Taken together, the findings of this study support the notion that dynamic capabilities are context specific, and that understanding how they influence the organization’s ability to change is complex. The developments and findings in this study offer a reconceptualized and empirically tested framework for the capability alignment process, thereby providing a more comprehensive picture of the underlying processes.

In today's dynamic environment, which is characterized by continuous and unpredictable changes, companies need new strategies to maintain their competitive advantage in the market, ensure long-term sustainability and consider the demands of stakeholders. The role of the manager of the company is relevant and he/she should have new capabilities to respond to new market demands. This thesis, through a survey of 339 managers using an empirical methodology based on a structural equation model, proposed as new managerial dynamic capabilities of the manager (IDMC), the entrepreneurial skills (alertness, creativity and self-awareness) and individual dynamic capabilities (sensing, seizing and transforming). The results suggest that there is a direct and positive relationship between the degree of development of the IDMC and the level of social and environmental commitment and stakeholders’ commitment. It is proposed that IDMC of the manager drive their commitment to sustainability and this in turn drives engagement with stakeholders. Finally, it is analyzed for the first time, if there are gender differences in the previous relationships, resulting that women have greater social commitment and environmental sustainability than men; although, it is concluded that the company requires a top management team committed to long-term sustainability regardless of gender of its members<br>En el complex i hostil entorn econòmic actual que acompanya des del seu inici al segle XXI, les empreses requereixen de noves estratègies, per mantenir el seu avantatge competitiu en el mercat, garantir la sostenibilitat a llarg termini i considerar les demandes de les parts interessades. En aquesta situació, el paper del manager de l'empresa és rellevant i aquest ha de disposar de noves capacitats que li permetin donar resposta a les exigències del mercat. Aquesta tesi doctoral, a través d'una enquesta realitzada a 339 mànagers utilitzant una metodologia empírica basada en un model d'equacions estructurals, proposa com a noves capacitats de gestió del manager (individual dynamic managerial capabilities- IDMC), les competències emprenedores (alertness, creativity and self-awareness) i les capacitats dinàmiques individuals (sensing, seizing i transforming). Els resultats obtinguts suggereixen que hi ha una relació directa i positiva entre el grau de desenvolupament de les IDMC i el nivell de compromís social i ambiental i amb els grups d’interès (stakeholders). Es proposa que les IDMC que posseeix el/la manager són les que impulsen el seu compromís amb la sostenibilitat i aquest al seu torn, impulsa el compromís amb els stakeholders. Finalment, s'analitza per primera vegada si hi ha diferències de gènere en les relacions anteriors, resultant que la dona disposa de més compromís tant social com mediambiental amb la sostenibilitat; si bé, es conclou que l'empresa requereix d'un equip directiu compromès amb la sostenibilitat a llarg termini independentment del gènere dels seus membres

The thesis explores and examines the role of dynamic managerial capabilities as they apply to the international student recruitment efforts at The United Kingdom Higher Education Institutions (UK HEIs). Although dynamic capabilities literature has attracted a fair amount of attention, the relationship between the dynamic managerial capabilities and firm performance have been under-explored in prior research, in particular in the context of UK HEIs. This study affords an opportunity to forge a link between theory and practice. The study takes a mixed methods research approach to data collection. First, a large panel data set was acquired from the Higher Education Statistics Agency (HESA). The dataset was refined by focusing on 100 UK HEIs with students from 100 countries studying within 15 subject disciplines. This is then substantiated with research, student employability and student satisfaction rankings data. Furthermore, a survey of middle to senior managers responsible for internationalisation from 165 UK HEIs produced a response rate of 20% (n = 31). Fourth, a large British university is selected for interviews and qualitative data collection. Middle to senior managers were interviewed using semi-structured interviews (n = 10) to assess how they sense the need for change and to determine some of the mechanisms used in opportunity recognition and capture. While the results confirm the importance of resource-based explanations when assessing the performance of UK HEIs. In that founding history, university rankings, reputation and location are key determinants, especially for the Russell Group universities. The results indicate that dynamic managerial capabilities, as latent variables, are also important. Within-group performance differences exist despite the degree of resource parity. Evidence was mixed in respect of the effectiveness of dynamic managerial capabilities in the international function; with some respondents claiming that intervention from senior management teams is often limited in their effect. The thesis is one of a small but growing number of empirical studies on dynamic managerial capabilities. In keeping with other studies in this emerging field, it has had to face several methodological challenges. The mixed methods approach is used as one means of meeting some of these challenges.

This research seeks to provide a robust framework for dynamic capability building processes in the steel industry. These specific multifaceted routines represent the single-case main unit of analysis for the study. The existing body of knowledge within the Dynamic Capabilities View (DCV) assumes risk minimisation via establishment of extensive monitoring activities of external changes in combination with capability optimisation through renewal efforts. Using multiple sources of evidence such as semi-structured interviews with Russian senior managers based in the international steel sector and internal management reports, these main DCV principles were challenged and modified through particular industry application. Within the steel sector both dynamisms and complexity of the exercise mainly derive from internal factors rather than external changes. Furthermore, a key finding was identification of practical obstacles to dynamic capability building associated with the rather negative role of industry-specific path dependencies, questioning the appropriateness of focus on renewal aspects as emphasised in more traditional literature. The major contribution of the thesis is the development of a tentative framework for fluctuation control of resource value, impact of exogenous dynamics in combination with determination of contemporary valid time frames for future forecast. The presented framework outlines stumbling blocks to and major phases of routine development activities. Awareness of these factors may increase timely and full exploitation of available resource material and guide managerial establishment of respective capability practices. Additionally, the suggested process emphasises a clear distinction between quasi-static and dynamic elements within the overall building exercise. A further contribution concerns the role of mergers and acquisition (M&A) for the DCV. Affected by the requirement of rapid decision making and strategic responses to continuous flux, the importance of M&A for the process needs to be regarded as relatively low — mainly due to decreased flexibility and the long term integration approaches required for implementation of this particular method of external growth. The study concludes that, logically, the purpose of dynamic capabilities is not aimed at generation of competitive advantage but rather assistance with organisational survival within certain contexts.

Market orientation has been primarily studied as a set of firm-level behaviours linked to the: generation of, dissemination of, and responsiveness to market intelligence (market-oriented behaviours). However, it has rarely been studied under an organisational culture perspective; the investigations that have conceptualised and operationalised market-oriented organisational cultures have overlooked a market-oriented managerial mind-set dimension. A concept to help address this research gap is the firm s dominant logic, which highlights the degree to which managers assumptions are manifested into their corporate cultures. The firm s dominant logic is integrated with the market orientation literature to conceptualise and operationalise the customer value-oriented dominant logic (CVODL) construct. The CVODL construct is defined as the extent to which managers assume that creating customer value should drive performance. The CVODL construct contributes to the marketing literature by extending current conceptualisations and operationalisations of market-oriented organisational cultures through a managerial mind-set viewpoint. This doctoral study examines the link between a CVODL and managers making resource investments into the departments of their corporations that they perceive to create value for their customers (an alternative to market-oriented behaviours). Functional resource investments are studied as an alternative form of implementing the marketing concept than market-oriented behaviours. A conceptual framework was developed to conceptualise the antecedents and consequences of the CVODL under the dynamic managerial capabilities perspective. The conceptual framework was tested using a multi-industry and national-level sample of American corporations, through structural equation modelling (SEM). These results show that a CVODL drives different forms of implementing the marketing concept, namely, intelligence responsiveness and CVO functional resource investments, both of which were positively related to sales performance. The results also highlight a new driver of market-oriented behaviours under the dynamic managerial capabilities perspective. This doctoral thesis helps managers to foster a market-oriented organisational culture, as well as investigating the ways in which such corporate cultures can drive sales performance. Limitations and avenues of future research are also discussed.