INSPIRING FUTURES

Dynamic capability building in the steel industry.

Pemberton, Jon and Ludwig, Gregory (2010) Dynamic capability building in the steel industry. In: Strategic Management Society Conference, 18 March 2010, Finland. (Unpublished)

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Abstract/Description

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)
Uncontrolled Keywords: Dynamic Capabilities View; risk; steel industry; Russia;
University Divisions/Research Centres: The Business School > School of Management
Dewey Decimal Subjects: 600 Technology > 650 Management & public relations > 658 General management
Library of Congress Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Item ID: 4975
Depositing User: Mrs Lyn Gibson
Date Deposited: 15 Feb 2012 10:29
Last Modified: 21 Mar 2013 09:52
URI: http://researchrepository.napier.ac.uk/id/eprint/4975

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