The dynamic metacapabilities framework : introducing quantum management and the informational view of the firm / Harold Paredes-Frigolett, Andreas Pyka.

Format:

Book

Author/Creator:

Paredes-Frigolett, Harold, author.

Pyka, Andreas, author.

Series:

Cambridge elements. Elements in evolutionary economics, 2514-3573.

Cambridge elements. Elements in evolutionary economics, 2514-3573

Language:

English

Subjects (All):

Industrial organization (Economic theory).

Industrial organization.

Organizational change.

Evolutionary economics.

Physical Description:

1 online resource (75 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2025.

Summary:

The view of dynamic capabilities in evolutionary economics as being based on capabilities comprised of routines has so far precluded their integration in evolutionary economics. This Element contributes to such integration by introducing the dynamic metacapabilities framework. Borrowing from quantum mechanics, dynamic metacapabilities assume that resources and capabilities, rather than being created ex-nihilo, result from bundles of information 'decohering ' to bundles of resources and capabilities as new information becomes available to the firm. Operationalized by a management paradigm we call 'quantum management, ' dynamic metacapabilities contribute to integrating dynamic capabilities in evolutionary economics and to resolving the ongoing debate on what dynamic capabilities are by postulating an informational view of the firm according to which firms 'evolve ' with strategy throughout a lifecycle governing the transition from dynamic 'metacapabilities ' to dynamic capabilities and onto ordinary capabilities.

Notes:

Title from publisher's bibliographic system (viewed on 31 Jan 2025).

ISBN:

9781009627627

1009627627

9781009627603

1009627600