This paper aims to investigate how companies can retain their ability to recognize, seize and maintain opportunities.
This conceptual work is built on existing research about an organization’s dynamic capabilities and literature on judgment under uncertainty.
This study offers specific ways in which companies can develop the dynamic capability of identifying new opportunities and, most importantly, how firms can maintain this rare dynamic capability for significant periods, so that they can harvest the benefits offered by owning this capability.
This study’s specific insights equip practitioners with turn-key information on how to build or maintain a firm’s unique ability to sense and capture an opportunity via the enhancement of the firm’s portfolio of simple rules.
This research introduces a novel idea about micro-foundations of a firm’s dynamic capabilities and theoretically argues that a favorable organizational culture and individuals’ rules of thumb can form a company’s dynamic ability to sense and seize an opportunity in high-velocity markets.
Evans, K. and Salaiz, A. (2019), "Sensing opportunities in dynamic markets: how to encourage all employees to take part", Journal of Business Strategy, Vol. 40 No. 3, pp. 18-24. https://doi.org/10.1108/JBS-03-2018-0047Download as .RIS
Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited