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The Dynamic Metacapabilities Framework
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The Dynamic Metacapabilities Framework : Introducing Quantum Management and the Informational View of the Firm

by Andreas Pyka , Harold Paredes-Frigolett

Book Details

Format Hardback or Cased Book
Book Series Elements in Evolutionary Economics
ISBN-10 1009627619
ISBN-13 9781009627610
Publisher Cambridge University Press
Imprint Cambridge University Press
Country of Manufacture GB
Country of Publication GB
Publication Date Feb 20th, 2025
Print length 84 Pages
Weight 259 grams
Dimensions 22.90 x 15.20 x 0.60 cms
Product Classification: Economics
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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.
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.

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