Dynamic Metacapabilities Framework - Introducing Quantum Management and the Informational View of the Firm

List of contents

1. Introduction; 2. Previous work; 3. The dynamic metacapabilities framework; 4. Quantum management; 5. Discussion; 6. Conclusions; References.

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.

Foreword

Quantum management, the dynamic metacapabilities framework allows firms to transform business models and proposes an informational theory.

Product details

• Authors: Harold Paredes-Frigolett, Harold (Diego Portales Universi Paredes-Frigolett, Harold J. Paredes-Frigolett, Andreas Pyka, Pyka Andreas
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 28.02.2025
• EAN: 9781009627610
• ISBN: 978-1-0-0962761-0
• No. of pages: 84
• Series: Elements in Evolutionary Economics
• Subjects: Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / Economics / General, Business innovation, business strategy, Management & management techniques, Management decision making, Economics of industrial organisation, Management and management techniques, Economics of industrial organization