Transactive Memory Systems: A Microfoundation of Dynamic Capabilities

A persistent puzzle in management research is competitive advantage and why certain firms excel in getting ahead while others falter (Knott, 2003). One explanation is the dynamic capability argument, which emphasizes a firm's superior ability in sensing new opportunities in its environment and seeking those opportunities by continuously adapting, integrating, and reconfiguring its key assets and competences (Teece et al., 1997). Researchers have...