Acta Universitatis Danubius. Œconomica, Vol 8, No 5 (2012)
How Does a Canadian Enterprise Respond to a Volatile Environment through the Co-Evolution of its Resources and its Capabilities?
Abstract
In the following study, we have deployed the capability life-cycle model to
understand the process of firm evolution in an uncertain and rapidly changing industry –
the Canadian private enterprise from 1995-2011. In this environment, capability selection
occurred at regular intervals, providing a natural experiment in the evolution of
capabilities. While we find broad support for the capability lifecycle model, the case
analysis also suggests that continuous interaction between four generic resources is a
central mechanism behind capability evolution throughout the lifecycle. It follows that
these resources are fundamental for business agility and the success of firms in uncertain
environments more generally.
understand the process of firm evolution in an uncertain and rapidly changing industry –
the Canadian private enterprise from 1995-2011. In this environment, capability selection
occurred at regular intervals, providing a natural experiment in the evolution of
capabilities. While we find broad support for the capability lifecycle model, the case
analysis also suggests that continuous interaction between four generic resources is a
central mechanism behind capability evolution throughout the lifecycle. It follows that
these resources are fundamental for business agility and the success of firms in uncertain
environments more generally.
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