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Innovation, Dynamic Capabilities, and Leadership

Year: 2018

Type: article

Abstract: The world in which today’s businesses operate has become not only riskier but also more volatile, uncertain, complex, and ambiguous (VUCA). Organizations that hew too closely to traditional ways of operating will be hampered in their ability to succeed. In contrast, those that focus on new product and process developments coupled with business model innovation will leverage their dynamic capabilities. An essential overlay is entrepreneurial leadership from top management teams. Strong dynamic capabilities are impossible without it. This article examines how business model innovations, dynamic capabilities, and strategic leadership intertwine to help organizations thrive in VUCA worlds.

Source: California Management Review

DOI: 10.1177/0008125618790246

Authors: Paul J. H. Schoemaker, Sohvi Heaton, David Teece

Institutions: Loyola Marymount University, University of California, Berkeley

Language: English

Topic: Innovation and Knowledge Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2887861959

FWCI: 67.94

Cites:

Cited by: 792

Related to: 10