California Management Review· 2018Q1
Innovation, Dynamic Capabilities, and Leadership
- 752citations
- Q1SCImago
- 2018year
Short summary
Organizations can thrive in volatile environments by integrating business model innovation and dynamic capabilities, which are critically enabled by entrepreneurial leadership.
AI-generated from the title and abstract; the full text is not read.
Key points
- Organizations face a volatile, uncertain, complex, and ambiguous (VUCA) business environment.
- Success requires focusing on new product, process, and business model innovations.
- Dynamic capabilities are crucial for leveraging innovation.
- Entrepreneurial leadership from top management is indispensable for building dynamic capabilities.
AI-generated from the title and abstract; the full text is not read.
Abstract
The world in which today’s businesses operate has become not only riskier but also more volatile, uncertain, complex, and ambiguous (VUCA). Organizations that hew too closely to traditional ways of operating will be hampered in their ability to succeed. In contrast, those that focus on new product and process developments coupled with business model innovation will leverage their dynamic capabilities. An essential overlay is entrepreneurial leadership from top management teams. Strong dynamic capabilities are impossible without it. This article examines how business model innovations, dynamic capabilities, and strategic leadership intertwine to help organizations thrive in VUCA worlds.
The authors' abstract, as published at the source. California Management Review, 2018 · DOI ↗
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Field: Development
DevelopmentSocial Sciences