战略管理与动态能力外文翻译.docVIP

外文翻译 Dynamic Capabilities and Strategic Management Material Source:/sici Author: David J. Teece Introduction: The fundamental question in the field of strategic management is how firms achieve and sustain competitive advantage. We confront this question here by developing the dynamic capabilities approach, which endeavors to analyze the sources of wealth creation and capture by firms. The development of this framework flows from a recognition by the authors that strategic theory is replete with analyses of firm-level strategies for sustaining and safeguarding extant competitive advantage, but has performed less well with Correspondence to: David J. Teece, Institute of Management, Innovation and Organization, Haas School of Business, University of California, Berkeley, CA 94720-1930, U.S.A. For a review of the fundamental questions in the field of strategy, see Rumelt, Schendel, and Teece (1994). respect to assisting in the understanding of how and why certain firms build competitive advantage in regimes of rapid change. Our approach is especially relevant in a Schumpeterian world of innovation-based competition, price/performance rivalry, increasing returns, and the creative destruction of existing competences. The approach endeavors to explain firm-level success and failure. We are interested in both building a better theory of firm performance, as well as informing managerial practice. In order to position our analysis in a manner that displays similarities and differences with existing approaches, we begin by briefly reviewing accepted frameworks for strategic management. We endeavor to expose implicit assumptions, and identify competitive circumstances where each paradigm might display some relative advantage as both a useful descriptive and normative theory strategy. Numerous theories have been advanced over the past two decades about the sources of competitive advantage, many cluster around just a few loosely structured frameworks or paradigms.