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Managing capabilities for strategic advantage

  • David Birchall
  • George Tovstiga

Abstract

Rapid change in the global competitive environment is continually challenging firms to manage their portfolio of capabilities for maximum impact. Managers are being challenged to exploit their current capabilities while nurturing the development of new ones in anticipation of emerging and future markets. The firm’s knowledge is its “key economic resource and the dominant—and perhaps even the only—source of competitive advantage” (Drucker 1999). The firm’s knowledge manifests itself in its set of strategic capabilities. The strategic management of these demands deliberate and focused effort on the part of managers; it is a task that cannot be left to chance.

Keywords

Tacit Knowledge Strategic Management External Knowledge Strategic Advantage Core Capability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© David Birchall and George Tovstiga 2005

Authors and Affiliations

  • David Birchall
  • George Tovstiga

There are no affiliations available

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