Dynamic capability building in the steel industry

Gregory Ludwig, Jon Pemberton

    Research output: Contribution to conferencePaperpeer-review

    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.
    Original languageEnglish
    Publication statusPublished - Mar 2010
    EventStrategic Management Society 2010 Special Conference: Intersections of Strategy Processes and Strategy Practices - Lapland, Finland
    Duration: 1 Mar 2010 → …

    Conference

    ConferenceStrategic Management Society 2010 Special Conference: Intersections of Strategy Processes and Strategy Practices
    Period1/03/10 → …

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