Dynamics of competence-based competition: theory and practice in the new strategic management
Ron Sanchez, Aimé Heene, Howard Thomas
Pergamon, 1996 - Business & Economics - 403 pages
Notions of 'competence' and of 'core competencies' are at the heart of much recent thinking in the field of strategic management. They have been developed in response to the need for concepts that can more accurately reflect the rapid evolution of business organisations and the dynamics of their competitive interactions. When applied to real-life situations, the 'competence' perspective has proved a powerful means of uncovering new insights into the nature of interfirm competition and potential sources of competitive advantage. Dynamics of Competence-Based Competition sets out to lay the foundations for a coherent theory to underpin this perspective in strategic management, and to illustrate the practical application of competence theory in a variety of competitive contexts. The chapters in the first part of the book develop the basic ideas which form the theory of competence-based competition, while the remaining chapters consist of firm and industry studies demonstrating the application of these ideas in practice.
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I3 QUICKCONNECT TECHNOLOGIES
ELEMENTS OF A THEORY
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ability Assembly Dept asset stocks assets and capabilities attributes beneﬁts building and leveraging cash ﬂows causal ambiguity cognitive competence building competence groups competence leveraging activities Competence-Based Competition competitive advantage components concept conﬁguration coordination core competence create customers deﬁned deﬁnition dimensions diodes distinctive Dynamics of Competence-Based economic factors ﬁnancial ﬁrm-speciﬁc ﬁrm’s strategic Firms ﬁrst ﬂexibility mix Hamel Harvard Business Review Heene higher system elements higher-order control hotel ﬁrms identiﬁed important industrial networks innovation intangible assets internal Jolly Hotels knowledge-intensive services management processes manufacturing operations organization organizational resources personal computer perspective potential Prahalad product development product markets proﬁts reﬂect relationships resource ﬂows Resource-Based View routines Sanchez signiﬁcant skills small ﬁrms speciﬁc stage stocks and ﬂows strategic ﬂexibility strategic goals strategic groups strategic logic Strategic Management Journal strategic options structural suppliers Sustained Competitive Advantage tangible theory tourism