Innovation, Dynamic Capabilities, and Leadership

The world in which today’s businesses operate has become not only riskier but also more volatile, uncertain, complex, and ambiguous (VUCA). Organizations that hew too closely to traditional ways of operating will be hampered in their ability to succeed. In contrast, those that focus on new product a...

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Bibliographic Details
Published in:	California management review Vol. 61; no. 1; pp. 15 - 42
Main Authors:	Schoemaker, Paul J. H., Heaton, Sohvi, Teece, David
Format:	Journal Article
Language:	English
Published:	Los Angeles, CA SAGE Publications 01-11-2018
Subjects:	Ambiguity Business models Corporate histories Innovations Leadership Leverage Management teams Top management innovation strategic vision business models dynamic capabilities leadership decision making entrepreneurship
Online Access:	Get full text
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Summary:	The world in which today’s businesses operate has become not only riskier but also more volatile, uncertain, complex, and ambiguous (VUCA). Organizations that hew too closely to traditional ways of operating will be hampered in their ability to succeed. In contrast, those that focus on new product and process developments coupled with business model innovation will leverage their dynamic capabilities. An essential overlay is entrepreneurial leadership from top management teams. Strong dynamic capabilities are impossible without it. This article examines how business model innovations, dynamic capabilities, and strategic leadership intertwine to help organizations thrive in VUCA worlds.
ISSN:	0008-1256 2162-8564
DOI:	10.1177/0008125618790246