By Wei Jiang
In the quickly altering enterprise global, just a small percent of enterprises may be able to live to tell the tale and prosper regardless of recessions, commercial evolutions and monetary adjustments. An often-asked query is: What determines a firm’s sustainable aggressive virtue? some of the most renowned aggressive innovations is partnering with different corporations. So: How do enterprises make clever and educated judgements in terms of picking out company companions, to using on hand assets and services in partnerships, and to handling relatives to maximise partnership merits? This ebook reports three hundred corporations throughout numerous industries, supplying readers with a finished view of the way enterprises boost sustainable aggressive merits via developing enterprise partnerships. younger lecturers and skilled researchers alike will locate good theoretical foundations and clean company insights.
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Additional resources for Business Partnerships and Organizational Performance: The Role of Resources and Capabilities
Thus, dynamic capabilities enable firms to continually maintain competitive advantage by adapting and refreshing their resource base, thereby helping firms avoid development of core rigidities that inhibit development and result in innovation inertia (Ambrosini and Bowman 2009; Pitelis and Teece 2009). It is noted in Collis (1994, p. ’ Central to the survival and prosperity of firms under such environment is the ability to not only exploit existing assets and improve efficiency in a profit producing way, but also explore new technologies and markets; not only to deploy existing opportunities, but also to reconfigure resources and prepare to address and adapt to emerging threats and opportunities (O’Reilly and Tushman 2007).
The organisational capabilities to be examined are manufacturing capability, managerial capability, marketing capability, learning capability and technological capability. During the process of business cooperation, integrative capability and relational capital are identified as main determinants of partnership success in existing studies (Helfat et al. 2007; Sarkar et al. 2001; Zahra et al. 2006). Their roles in enhancing organisational resources and capabilities to achieve favourable firm performance and develop dynamic capabilities will be examined.
Their importance on firms’ sustainable competitive advantage is discussed and their mediating role in the relationship between organisational resources, capabilities and firm performance is proposed. 2 The Pursuit of Competitive Advantage Several studies investigating firm performance have drawn attention to the need for understanding the sources of sustainable competitive advantage. Such need is central to most firms’ mission, and has become a major area of research in the field of strategic management.