scholarly journals Evaluation of Corporate Strategy and Dynamic Capability to Business Performance

2018 ◽  
Vol 6 (03) ◽  
Author(s):  
Roy Kurniawan ◽  
Budiman Christiananta ◽  
Lena Ellitan
Keyword(s):  
Business Performance ◽  
Dynamic Capabilities ◽  
Corporate Strategy ◽  
Business Environment ◽  
Dynamic Capability ◽  
Global Competition ◽  
Company Strategy ◽  
Business Sustainability ◽  
Expected Performance ◽  
The Right

A dynamic business environment can affect a company's business sustainability. This condition will create a competition that must be faced by the business. On the basis of this, the business must be able to apply the right company strategy to realize the dynamic capabilities so that will be able to survive in the global competition and achieve the expected performance. This paper will examine the concepts of strategies undertaken by businesses on the realization of dynamic capabilities and improve overall business performance.

Corporate Business Strategy and its Challenges

2016 ◽  
Vol 2 (3) ◽  
pp. 34-38
Author(s):  
Ved Prakash Bansal
Keyword(s):  
Business Strategy ◽  
Business Performance ◽  
Dynamic Capabilities ◽  
State Of The Art ◽  
Business Environment ◽  
Global Competition ◽  
Company Strategy ◽  
The Right ◽  
Corporate Business

Business environment and strategy faces continuous completion and impacts the business sustainability in a long-term. In a view, the business must realize the dynamic capabilities and must apply the right company strategy to survive in the global competition and achieving the desired targets. Many philosophers consider ethics to be the `science of conduct'. Philosophers have been discussing ethics for ages now, since the time of Socrates and Plato. Many ethicists consider emerging ethical beliefs to be "state of the art" legal matters, i.e., what becomes an ethical guideline today is often translated to a law, regulation or rule tomorrow. Values which guide how we ought to behave are considered as moral values, e.g., values such as respect, honesty, fairness and responsibility. The paper examines the concepts of strategy and business ethics undertaken  to improve the overall business performance.

scholarly journals Customer Needs Linked to Production Strategy and Firm’s Dynamic Capabilities

2013 ◽  
Vol 4 (2) ◽  
pp. 63-69
Author(s):  
Jari Koskinen ◽  
Daniel Sahebi
Keyword(s):  
Dynamic Capabilities ◽  
Empirical Studies ◽  
Case Study Research ◽  
Business Environment ◽  
Company Strategy ◽  
Customer Needs ◽  
Internal Customers ◽  
Production Strategy ◽  
Additional Value ◽  
Delivery Accuracy

Abstract This study identifies and analyzes the key factors of an efficient customer oriented production strategy. The paper supports the view that dynamic capabilities can be used successfully for improving company’s efficiency. This research is a case study research related to production strategy. In a case company, totally 31 interviews were made from 16 subsidiaries and 13 from end customers. The present paper focuses more on end customers’ than internal customers. Key findings can be identified as follows: effective information flow, flexibility, speed and responsiveness need more focus in the study of dynamic capabilities. Delivery accuracy is the key, while short delivery time is a competitive factor. This research is focused to power electronics business segment which is research limitation. To make wider conclusions, more empirical studies are needed. As a Practical implications, this research helps firms to improve their strategy process by understanding real customer needs. The research results bring additional value to the previous studies regarding company strategy, business environment, innovativeness and operational excellence.

scholarly journals Innovation and its importance in the context of a company’s marketing strategy

2021 ◽  
Vol 91 ◽  
pp. 01021
Author(s):  
Veronika Olexova ◽  
Martina Gogolova
Keyword(s):  
Marketing Strategy ◽  
Technological Progress ◽  
Corporate Strategy ◽  
Innovation Management ◽  
Business Environment ◽  
Secondary Findings ◽  
Basic Direction ◽  
Current Time ◽  
The Right ◽  
Basic Prerequisite

The current business environment is characterized by high competition between companies as well as global challenges and growing technological progress. Businesses must constantly adapt to changes in the business environment, changes in the market environment and the constantly changing requirements of customers. There are currently several tools and ways to respond to these changes. One of the most important areas can be considered corporate strategy, because it determines the basic direction of the company. An important area is also marketing, which affects the overall business activity. Determining the right marketing strategy has an important impact on the overall direction of the company. Another important element of the current time in the field of business is innovation, which can be considered a basic prerequisite for the success of the company. The issue of innovation management is currently one of the basic conditions for maintaining a market position and maintaining competitiveness. The aim of the article is to point out the theoretical basis of the corporate strategy, marketing strategy and the importance of innovation in business. Subsequently, based on secondary findings, we analyze available selected data related to innovation in Slovakia.

KESUKSESAN IMPLEMENTASI INOVASI ORGANISASI

2018 ◽  
Vol 3 (2) ◽  
pp. 175-182
Author(s):  
Sitti Marijam Thawil ◽  
Santi Retno Sari
Keyword(s):  
Social Networks ◽  
Competitive Advantage ◽  
Organizational Innovation ◽  
Business Environment ◽  
Global Competition ◽  
Competitive Advantages ◽  
Key Factors ◽  
Innovation Implementation ◽  
The Right ◽  
Successful Innovation

Innovation is very important for the competitive advantage of organizations to survive severe global competition and the rapidly changing business environment. Organizations or companies must be more innovative to grow, develop, and have competitive advantages and make profits. The success of innovation for the organization lies not only in the right decision to adopt innovation but more importantly in the implementation of innovation. Although there has been a lot of literature discussing innovation, it is still lacking which addresses the implementation of innovation. The present study aims to contribute to existing implementation literature by, first, the key factors of successful innovation implementation. Second, the process of implementing innovation. Third, the strategic aspect of the implementation of innovation. Fourth, discussing innovations that will be different at several levels or multi levels and types and social networks.   Keywords: organizational innovation

The Effect of Dynamic Capability for the Formation of Competitive Advantage to Achieve Firm’s Performance (Empirical Study on Indonesian Credit Co-operatives)

2015 ◽  
Vol 21 (4) ◽  
pp. 809-813 ◽  
Author(s):  
Anna Astrid Susanti ◽  
Muhtosim Arief
Keyword(s):  
Economic Development ◽  
Empirical Study ◽  
Competitive Advantage ◽  
Empirical Research ◽  
Dynamic Capabilities ◽  
Environmental Changes ◽  
Empirical Studies ◽  
Dynamic Capability ◽  
Unique Character ◽  
The Right

The co-operative plays an important role in Indonesia’s economic development since it can improve people’s welfare and support SMEs through its unique character, which is a combination of the economic and social character. As an enterprise, co-operative is not immune to environmental changes. Therefore co-operative must be able to compete with other industries to reach the best performance in globalization era. The capability to cope with environmental pressure is known as dynamic capability. Research on the implementation of dynamic capabilities, however, only focus on conceptual discussions and empirical studies are still limited, especially in co-operatives. This research is proposed to fill the gap by conducting the empirical research, in order to examine the effect of dynamic capabilities for the formation of competitive advantage to achieve co-operatives’ performance in terms of economic and social performances. The result shows that dynamic capability could be implemented in Indonesian credit co-operatives to establish a competitive advantage and ultimately be used to achieve a better firm’s performances. However, dynamic capability cannot be used directly to achieve a better performance. The firms must choose the right and superior capability to compete with their competitors.

Ambidextrous supply chain as a dynamic capability: building a resilient supply chain

2016 ◽  
Vol 54 (1) ◽  
pp. 2-23 ◽  
Author(s):  
Sang M Lee ◽  
Jin Sung Rha
Keyword(s):  
Supply Chain ◽  
Business Performance ◽  
Negative Impact ◽  
Business Environment ◽  
Dynamic Capability ◽  
Equation Modeling ◽  
Content Type ◽  
Building Process ◽  
Capability Building ◽  
Research Questions

Purpose – Developing ambidexterity as a dynamic capability is important for firms to sustain their competitive advantage. Moreover, this capability allows firms to build the resiliency to mitigate enterprise risks. The purpose of this paper is to apply two main theoretical frames from the strategy literature, dynamic capabilities, and organizational ambidexterity, to supply chain management (SCM) to examine mitigation strategies for supply chain (SC) disruptions. The authors empirically investigated how the firm’s SC ambidexterity is developed through a dynamic capability-building process and how this, in turn, can mitigate the negative impact of SC disruptions and improve business performance. Design/methodology/approach – This study conducted a field survey to answer the research questions as there exists no archival database with detailed information on ambidextrous SC strategies and dynamic capability. A total of 316 usable responses were received from managers working in the SC area. Confirmatory factor analysis and structural equation modeling were run on SPSS (version 16.0) and AMOS (version 18.0) to test the hypotheses to answer research questions. Findings – Overall, the results of the study confirmed that a dynamic SC capability-building process is an antecedent of SC ambidexterity, and that SC ambidexterity is important to firms as it mitigate the negative impact of SC disruptions and enhance business performance. To take advantage of an ambidextrous SC, through minimizing the negative impact of SC disruptions and maximizing firm performance, firms should continually search for creative ways to satisfy new market needs and adapt to the fast changing business environment. Originality/value – This study applied a dynamic capability-building process and ambidexterity to SCM. From the resilient SC perspective, the study found that the ability to effectively utilize existing resources and create novel strategies for problem solving plays a critical role in addressing SC disruptions.

Big data and competitive advantage at Nielsen

2014 ◽  
Vol 52 (3) ◽  
pp. 573-601 ◽  
Author(s):  
Michael E. Prescott
Keyword(s):  
Competitive Advantage ◽  
Business Strategy ◽  
Dynamic Capabilities ◽  
Secondary Data ◽  
Business Environment ◽  
Digital Data ◽  
Dynamic Capability ◽  
Annual Reports ◽  
Content Type

Purpose – The purpose of this paper is to illustrate how an international company, Nielsen Holdings, reacted to changes in their highly competitive industry brought about by advances in technology. This case presents the strategic management decisions that enabled Nielsen to regain its competitive advantage. This case further describes the functioning of the resource-based view (RBV) of strategy, dynamic capabilities framework, and digital data genesis (DDG), in a turbulent business environment. Design/methodology/approach – The case study is based primarily upon secondary data to include annual reports, press releases, company web site, as well as articles. Findings – The case study provides an example of the functioning of a once durable competitive advantage that was eroded due to advances in technology, and the steps the company took to regain that advantage. The paper illustrates the functioning of a capability and a dynamic capability in DDG. Practical implications – This case can be used for the teaching of decision making, business strategy, the RBV of strategy, dynamics capabilities, and DDG. Originality/value – This paper provides an example of the functioning of the capability and dynamic capability of DDG.

scholarly journals DYNAMIC CAPABILITY AND SUSTAINABILITY OF SMES IN SOUTH-EAST NIGERIA: THE NEXUS

2021 ◽  
Vol 3 (10) ◽  
pp. 349-358
Author(s):  
Patrick Okeke ◽  
Joshua Owulo Odey ◽  
Grace Akaegbobi
Keyword(s):  
Dynamic Capabilities ◽  
Business Environment ◽  
Global Market ◽  
Dynamic Capability ◽  
Adaptive Capabilities ◽  
Innovative Capability ◽  
Micro Foundations

Dynamic capability (DC) is an ability that has helped big corporations navigate successfully through the ever-changing and competitive business environment. However, SMEs in the southeast of Nigeria seem not to have fully maximized the opportunities embedded in these practices, hence, the need to examine the dynamic capabilities SMEs in Southeast Nigeria need, to stay relevant and ahead of competitors. This study, therefore, looked at the concept of DC and those capabilities that could help SMEs stay afloat in the ever-changing business environment. The capabilities looked at include sensing, absorptive and adaptive capabilities. Others are innovative networking and integrative capabilities. The study further examined the micro-foundations of DC and the composition of SMEs in South East, Nigeria. To embellish the work, Dynamic Capability Theory (DCT) was used to anchor the work. Some studies were reviewed empirically. The study concluded that DC is one of the surest ways to ensure that SMEs compete favourably in the ever dynamic marketplace. Hence, it was recommended among other things that SMEs need not to be operating in isolation of what is happening in the global market, as what happens outside has an implication on what happens inside the organization, and as such, need to be alert through the application of DC principles.  Keywords: Dynamic Capability, Sustainability, SMEs, South-East, Absorptive, Adaptive and Innovative Capability.

scholarly journals Developing Home Service System; Business Process Reengineering for Motorcycle Workshop

2021 ◽  
Vol 3 (2) ◽  
pp. 94
Author(s):  
Yudhi Windarto ◽  
Rebecca Hersant ◽  
Endi Putro
Keyword(s):  
Business Model ◽  
Business Process ◽  
Process Model ◽  
Service System ◽  
Good Health ◽  
Business Environment ◽  
Business Sustainability ◽  
Home Service ◽  
New Business ◽  
The Right

Business Organizations always strive for their self to reach business sustainability. There are various dynamic challenges in business environment that must be respond by each organization. Organizational responds for each challenge very decisive to organization’s business sustainability in the future. For now, in this Covid 19 pandemic situation each organization must creative and innovative to change and modify their business model in order to survive. Motorcycle workshop was one of the SME that affected by Covid 19 pandemic, because government policy to restriction activity of people and social distancing. Decreasing customers of motorcycle workshop and to respond the situation bring up the idea to reengineering business model. Home service system was selected as alternative solution to strive for survive in this situation, of course, by implementing a good health protocol. This system was built with a mobile application as a tool in reservation and managing customers service schedules. With this system customers do not have to come and queue at the workshop, so it will be safer in this pandemic situation. Not all services can be served with this system, only minor, moderate and routine repairs that can be served with this system. The payment transaction process is carried out on the spot according to the calculations by the system. With this new business process model, it is hoped that it will be the right solution for consumers and workshops so that they can remain productive in the midst of the Covid 19 pandemic.

A Lesson Learned: How SMEs Build Dynamic Capability during Covid-19 Pandemic

2021 ◽  
Vol 1 (3) ◽  
pp. 47-55
Author(s):  
Dwi Hari Laksana ◽  
Heru Tri Sutiono ◽  
Titik Kusmantini ◽  
Aris Kusumo Diantoro
Keyword(s):  
Dynamic Capabilities ◽  
Dynamic Capability ◽  
Case Study Method ◽  
Market Segments ◽  
Business Sustainability ◽  
Critical Elements ◽  
New Business ◽  
Craft Industry ◽  
Industrial Center

The COVID-19 pandemic has had a significant impact on SME business sustainability. Some SMEs are no longer operating because the pandemic has triggered a number of business risks for them. In order to survive, SMEs are required to develop elements of dynamic capabilities for their own businesses. This research aims to explore in-depth how SMEs build the microelements of their dynamic capabilities during the COVID-19 pandemic. The authors used the case study method as research design by selecting 4 SMEs that represent the industrial center village in Wedi and Bayat Districts, Klaten Regency. In order to analyze, the authors in this research used the triangulation technique, and data collection is done by making visits to companies, observations, and interviews with a number of key informants who understand the development of the craft industry in Klaten Regency. This research focused on identifying critical elements that proved to be effective to support their business through the pandemic by implementing the abilities of sensing, seizing, and transforming. Sensing ability is the ability to target new market segments and new business opportunities. Seizing ability is the ability to produce new products that customers really need. Meanwhile, the ability to transforming is the most powerful capability carried out so far by SMEs by managing more agile businesses with innovative marketing practices.

Sign in / Sign up

Export Citation Format

Share Document