This paper explores how the dynamic capabilities of firms may account for the emergence of differential firm performance within an industry. Synthesizing insights from both strategic and organizational theory, four performance-relevant attributes of dynamic capabilities are proposed: timing of dynamic capability deployment, imitation as part of the search for alternative resource configurations...

From a system thinking perspective, competition/cooperation boundaries govern the evolution of a firm’s adaptive strategic behaviour and drive it towards its desired objectives. By analyzing different scenarios using a system dynamic simulation approach and considering market competitive dynamics, this study explores the volume flexibility measure considering both the operating environment and ...

The limits of the utilitarian approach have led to a search for different notions of welfare. The income approach to well-being, in fact, doesn’t account for the diversity in human beings and for the heterogeneities of contingent circumstances. Amartya Sen, looking for broader notions of well-being, has developed an approach focused on the freedom of individuals to pursue their own project of l...

The purpose of this study is to develop and validate an instrument to measure organizational IT. We adopted the resource-based view (RBV) of the firm and the dynamic capabilities theory to propose the Dynamic IT Capability (DITC) instrument. Dynamic IT Capability is defined as the ability to integrate, build, and reconfigure IT-based resources and competencies to adjust to rapidly-changing envi...

Abstract The article presents an efficient method of optimal thrust allocation over the actuators in a dynamically positioned ship, according to DNV-ST-0111 standard, Level 1. optimisation task is approximated convex problem with linear constraints and mathematically formulated as quadratic programming. case study being used illustrate use proposed approach assessing DP capability rescue ship. ...