The ability of certain companies being more successful in innovations resulted in a broad academic discussion and did not find an end yet. On the one hand, academics are convinced that the ability of being innovative lies anywhere within the organization, on the other hand there persists a strong belief that the ability depends on the markets and the fit with the firm’s strategy.
It is known that innovations are of fundamental importance for the development, improvement and prosperity of economies and firms. According to Schumpeter innovations represent corporate achievements and a creation and enforcement process of new combinations, whereby a “creative destruction” of the economical equilibrium is caused. Consequently, a considered need for change and the ability to enforce and support this change is required to lead to successful innovation.
In my study I want to derive the well-spring of firm’s success, focusing on the internal perspective of the company. The resource based view provides the theoretical concept, leading to the advanced approach to display firm’s competences as a source of economic welfare. The importance of competences to build innovations comes clearly into mind, since the innovation process is very intangible and abstract, yet you need competences to organize, combine and deploy the tangible and intangible input factors to build innovations.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- A. Theoretical Concepts of Achieving Sustainable Competitive Advantages
- A. I. Market Based View
- A. II. Resource Based View
- A. III. The Importance of Innovations for a Firm's Prosperity
- B. Competences in Organisations
- B. I. Definitions of Competences
- B. II. Identifying Competences
- B. III. Functions of Competences
- B. IV. Development of Competences
- B. IV. 1. Exploiting Competences
- B. IV. 2. Exploring Competences
- B. IV. 3. Leveraging Competences
- B. V. Measuring the Effects of Organizational Competences for Firm's Success
- C. Competences, Innovation and Firm Renewal
- C. I. Functions of Competences for Innovations and Firm Renewal
- C. II. Dysfunctions of Competences for Innovations and Firm Renewal
- C. III. How to Manage and Overcome Competence Rigidities
- C. III. 1. Dynamization of Organizational Competences
- C. III. 2. Criticism of the Dynamic Capabilities Approach
- D. Results and Further Discussion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to investigate the source of a firm's success from an internal perspective, focusing on the resource-based view as the theoretical concept. The study explores the significance of competences in driving innovation and achieving economic welfare. It examines how competences enable firms to effectively organize, combine, and deploy tangible and intangible resources to build innovations.
- Sustainable Competitive Advantages
- Resource Based View vs. Market Based View
- The Importance of Innovations for a Firm's Prosperity
- Competences and Their Role in Organizational Success
- The Relationship Between Competences, Innovation, and Firm Renewal
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction delves into the ongoing debate surrounding the factors contributing to successful innovations, highlighting the internal and external perspectives. It emphasizes the importance of innovations for economic growth and firm prosperity, citing Schumpeter's theory of "creative destruction." The study aims to explore the internal factors driving firm success, focusing on the resource-based view and the role of competences in fostering innovation.
Chapter A explores theoretical concepts of achieving sustainable competitive advantages, focusing on the market-based view and the resource-based view. The market-based view emphasizes the importance of external factors like industry structure and competitive forces, while the resource-based view focuses on internal factors like firm-specific resources and capabilities. The chapter highlights the role of innovations in achieving and maintaining a strong competitive position.
Chapter B delves into the concept of competences in organizations, covering definitions, identification, functions, and development. It discusses the importance of exploiting, exploring, and leveraging competences for organizational growth and success. The chapter also examines the impact of organizational competences on firm performance and the methods for measuring these effects.
Chapter C explores the relationship between competences, innovation, and firm renewal. It examines how competences enable firms to innovate and adapt to changing market environments. The chapter also discusses potential dysfunctions of competences that may hinder innovation and proposes strategies for managing and overcoming competence rigidities through dynamization and the use of dynamic capabilities.
Chapter D presents results and further discussion.
Schlüsselwörter (Keywords)
This study focuses on the key concepts of sustainable competitive advantages, resource-based view, market-based view, innovation, competences, organizational capabilities, firm renewal, dynamic capabilities, and "creative destruction." It explores how these concepts interact to influence the success of firms in today's dynamic business environments. The research highlights the importance of managing internal resources, particularly competences, to drive innovation and ensure long-term success.
- Quote paper
- Christoph Blumberg (Author), 2008, Competences and Innovation, Munich, GRIN Verlag, https://www.grin.com/document/141390
