Dynamic capability building in the steel industry

Ludwig, Gregory and Pemberton, Jon (2010) Dynamic capability building in the steel industry. In: Strategic Management Society 2010 Special Conference: Intersections of Strategy Processes and Strategy Practices, 17-20 March 2010, Lapland, Finland.

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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.

Item Type: Conference or Workshop Item (Paper)
Subjects: N900 Others in Business and Administrative studies
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Depositing User: Helen Pattison
Date Deposited: 20 Sep 2012 13:46
Last Modified: 10 Aug 2015 11:04
URI: http://nrl.northumbria.ac.uk/id/eprint/8998

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