Strategy-induced organisational resilience through dynamic resource orchestration

Abstract

Dynamic Capabilities View (DCV) has an illustrious history of having dominated strategic management thinking for more than two decades now (Bleady et al., 2018). However, its pillars have since begun to quake in the wake of growing cataclysmic episodes, which have made it the subject of intense scrutiny by the scholarly community. The DCV view typifies adaptive properties as strategic agility, whose essence is value creation through innovative products and novel business models instead of incremental improvement of existing models and products (Wójcik, 2015). It is instructive to note that the DCV evolved from the Resource-Based View's (RBV's) notion of Valuable, Rare, Inimitable and Non-substitutable (VRIN) resources, signaling that theory development in the strategic management space is an infinite evolutionary process characterised by continuous shifts in conceptualisation (Bleady et al., 2018; Schilke et al., 2018). However, the thinking that informed the development of DCV is increasingly being challenged by the growing realisation that every competitive advantage has a shelf-life (Wójcik, 2015). A defense of DCV is nonetheless offered by Helfat et al. (2009), who argue that fast-paced environments are not necessarily always disruptive, and as such, the continued currency of DCV cannot be downplayed.

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“…In other works, physical and non-physical resources, such as human and organizational resources, can contribute to a firm's competitive advantage and its ability to withstand and recover from crises (Patnaik et al, 2022). The RBV acknowledges the role of DCs in mitigating the impact of institutional changes, which can also contribute to organizational resilience (Ahmed et al, 2022) Also the perspective of DCs complements the resource-based approach in building organizational resilience (Do et al, 2022).…”

A Comprehensive Literature Analysis on the Modern Perspective of Management Accounting, Focusing on its Origins and Evolutionary Trajectory

“…In addition, they hypothesized that the utilization of management accounting is an inescapable necessity for both large and small businesses functioning within a globalized and dynamic economic environment. Multiple researchers have posited that the effective implementation of management accounting has the potential to generate and maintain value for the organization [5][6][7].…”