Summary
Contents
Subject index
This is a new overview of the strategy field, with internationally renowned contributors summarizing the latest directions and developments in strategic management theory in the context of their theoretical roots in economics, organization theory, and systems theory. The contributors outline the most promising new directions on the basis of a systemic treatment of paradigms or schools of thought in strategy: redrawing firm boundaries, developing dynamic capabilities and discovering viable strategy configurations. The volume will be an invaluable companion to advanced courses in strategy and management, used as a reader alongside case material and field studies. As well as providing a summary and evaluation of the different
Modularity and Dynamic Capabilities
Modularity and Dynamic Capabilities
In this chapter we explain how using modularity to create flexibilities in both product and organization designs (Sanchez, 1995a; Sanchez and Mahoney, 1996) can enhance dynamic capabilities development (Teece et al., 1997). We explain the concept of modularity in products and organizations, and we suggest ways in which modularity provides a framework for strategically managing learning processes that can be effective both in developing capabilities and applying capabilities to external market opportunities and requirements. In this manner, we suggest that modular product and organization designs provide a fundamental framework for improving the adaptive co-ordination of firms in dynamic environments.
The first step in creating modularity in product designs is standardizing input and output interfaces between the functional components ...
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