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Dynamic capability building in the steel industry.

Pemberton, Jon; Ludwig, Gregory

Authors

Jon Pemberton

Gregory Ludwig



Abstract

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. This proposal challenges the main DCV principles through in-depth industry application culminating in an alternative framework for dynamic capability building processes within the Russian steel industry. The discussion leads to the development of a tentative framework for fluctuation control of resource value and the impact of exogenous dynamics in combination with determination of contemporary valid time frames for future forecasts. Managerial insight into the almost byzantine maze of capability building activities is highly reliant on establishment of specific action, directly associated with unique optimisation processes, decision-making speed and monitoring of ever-changing definitions of threshold capability standards within the industry.

Presentation Conference Type Conference Paper (unpublished)
Conference Name Strategic Management Society Conference
Start Date Mar 18, 2010
End Date Mar 18, 2010
Publication Date 2010-03
Deposit Date Feb 15, 2012
Peer Reviewed Peer Reviewed
Keywords Dynamic Capabilities View; risk; steel industry; Russia;
Public URL http://researchrepository.napier.ac.uk/id/eprint/4975



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