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The Dynamic Metacapabilities Framework

The Dynamic Metacapabilities Framework

The Dynamic Metacapabilities Framework

Introducing Quantum Management and the Informational View of the Firm
Harold Paredes-Frigolett, Diego Portales University
Andreas Pyka, University of Hohenheim
February 2025
Available
Paperback
9781009627634

    The view of dynamic capabilities in evolutionary economics as being based on capabilities comprised of routines has so far precluded their integration in evolutionary economics. This Element contributes to such integration by introducing the dynamic metacapabilities framework. Borrowing from quantum mechanics, dynamic metacapabilities assume that resources and capabilities, rather than being created ex-nihilo, result from bundles of information 'decohering ' to bundles of resources and capabilities as new information becomes available to the firm. Operationalized by a management paradigm we call 'quantum management, ' dynamic metacapabilities contribute to integrating dynamic capabilities in evolutionary economics and to resolving the ongoing debate on what dynamic capabilities are by postulating an informational view of the firm according to which firms 'evolve ' with strategy throughout a lifecycle governing the transition from dynamic 'metacapabilities ' to dynamic capabilities and onto ordinary capabilities.

    Product details

    February 2025
    Paperback
    9781009627634
    84 pages
    229 × 152 × 4 mm
    0.135kg
    Available

    Table of Contents

    • 1. Introduction
    • 2. Previous work
    • 3. The dynamic metacapabilities framework
    • 4. Quantum management
    • 5. Discussion
    • 6. Conclusions
    • References.
      Authors
    • Harold Paredes-Frigolett , Diego Portales University
    • Andreas Pyka , University of Hohenheim