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
- 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
- Bibliography
Zielsetzung und Themenschwerpunkte
This seminar paper aims to explore the relationship between organizational competences and innovation, focusing on how firms can leverage their internal strengths to achieve sustainable competitive advantages. The paper examines the theoretical concepts of market-based and resource-based views, highlighting the importance of innovation for firm prosperity. It delves into the nature of organizational competences, their identification, functions, and development, particularly in the context of innovation and firm renewal. The paper also investigates the potential dysfunctions of competences and explores strategies for managing and overcoming competence rigidities.
- The role of competences in achieving sustainable competitive advantages
- The importance of innovation for firm prosperity
- The relationship between competences and innovation
- The challenges of managing and overcoming competence rigidities
- Strategies for leveraging competences to drive innovation and firm renewal
Zusammenfassung der Kapitel
The introduction sets the stage by highlighting the ongoing debate surrounding the sources of firm success in innovation. It emphasizes the importance of innovation for economic development and firm prosperity, drawing on Schumpeter's concept of "creative destruction." The paper then introduces the resource-based view as a theoretical framework for understanding the role of internal resources, particularly competences, in achieving sustainable competitive advantages.
Chapter A delves into the theoretical concepts of achieving sustainable competitive advantages, exploring both the market-based view and the resource-based view. The market-based view, rooted in industrial economics, emphasizes the importance of external factors such as industry structure and competitive forces. The resource-based view, on the other hand, focuses on the internal strengths of firms, particularly their unique resources and competences.
Chapter B examines the concept of competences in organizations, providing definitions, methods for identifying competences, and exploring their functions and development. It highlights the importance of both exploiting existing competences and exploring new ones, as well as leveraging competences to achieve firm success.
Chapter C explores the intricate relationship between competences, innovation, and firm renewal. It examines how competences can facilitate innovation and firm renewal, but also how they can create rigidities that hinder these processes. The chapter then delves into strategies for managing and overcoming competence rigidities, including the concept of dynamization of organizational competences.
Schlüsselwörter
The key terms and focus themes of this text include organizational competences, innovation, sustainable competitive advantage, resource-based view, market-based view, firm renewal, dynamic capabilities, competence rigidities, and strategies for managing and overcoming these rigidities. The paper explores how firms can leverage their internal strengths, particularly their competences, to drive innovation and achieve sustainable success in dynamic business environments.
- Quote paper
- Christoph Blumberg (Author), 2008, Competences and Innovation, Munich, GRIN Verlag, https://www.grin.com/document/141390
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