Dynamic capability building in the steel industry.

Pemberton, Jon; Ludwig, Gregory

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.

Citation

Pemberton, J., & Ludwig, G. (2010, March). Dynamic capability building in the steel industry. Paper presented at Strategic Management Society Conference

• Presentation Conference Type: Conference Paper (unpublished)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