Dynamic capabilities and entrepreneurial management in large organizations: Toward a theory of the (entrepreneurial) firm

Published on Jul 1, 2016in European Economic Review1.71
· DOI :10.1016/j.euroecorev.2015.11.006
David J. Teece72
Estimated H-index: 72
(University of California, Berkeley)
Mainstream economic theory has generally excluded consideration of the role of managers, which has, in turn, impaired its ability to explain resource allocation by, and heterogeneity among, firms. In the real world, managers are called on to fill entrepreneurial and leadership roles: sensing opportunities, developing and implementing viable business models, building capabilities, and guiding the organization through transformations. These entrepreneurial management tasks are part of the organization׳s capabilities, which also encompass embedded organizational processes that can be slow to change. An understanding of entrepreneurial management and organizational capabilities will contribute to more realistic economic models and a better understanding by policy makers of industrial dynamics and the requirements of innovation.
  • References (109)
  • Citations (49)
Cited By49
#1Brian L. Goff (Western Kentucky University)H-Index: 13
#2Dennis P. Wilson (Western Kentucky University)H-Index: 7
Last.David M. Zimmer (Western Kentucky University)H-Index: 9
view all 3 authors...
#1Suvi Nenonen (University of Auckland)H-Index: 13
#2Kaj Storbacka (University of Auckland)H-Index: 21
Last.Catherine Frethey-Bentham (University of Auckland)H-Index: 2
view all 3 authors...
#1Suvi Nenonen (SPbU: Saint Petersburg State University)H-Index: 10
#2Suvi Nenonen (SPbU: Saint Petersburg State University)H-Index: 13
Last.Charlotta Windahl (University of Auckland)H-Index: 8
view all 4 authors...
#1Birgitte Grogaard (BI Norwegian Business School)H-Index: 5
#2Helene Loe Colman (BI Norwegian Business School)H-Index: 4
Last.Inger G. Stensaker (NHH: Norwegian School of Economics)H-Index: 11
view all 3 authors...
#1Imtiaz Mostafiz (SHU: Sheffield Hallam University)
#2Murali Sambasivan (Taylors University)H-Index: 22
Last.See-Kwong Goh (Taylors University)H-Index: 7
view all 3 authors...
View next paperDynamic Capabilities and Strategic Management