The Dynamic Metacapabilities Framework

Language: English

Published by Cambridge University Press, GB, 2025

1009627635 / 9781009627634

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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.

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Title
The Dynamic Metacapabilities Framework
Author
Harold Paredes-Frigolett, Andreas Pyka
Publisher
Cambridge University Press, GB
Publication year
2025
Condition
New
Binding
Paperback
Language
English
ISBN 10
1009627635
ISBN 13
9781009627634
Item weight
135 grams
Dimensions
15.24 x 0.48 x 22.86 cm

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