Building a Conceptual Model of Routines, Capabilities, and Absorptive Capacity Interplay

paper selected from XIV International Symposium SymOrg 2014

Authors

  • Ivan Stefanovic University of Belgrade Faculty of Organizational Sciences
  • Sloboda Prokic
  • Gheorghe Săvoiu University of Pitesti (Romania), Faculty of Economics
  • Ion Iorga Simăn University of Pitesti, Faculty of Science

DOI:

https://doi.org/10.7595/management.fon.2014.0030

Keywords:

absorptive capacity, dynamic capability, operational capability, routines, inertia, econophysics

Abstract

Researchers have often used constructs such as routines, operational capability, dynamic capability, absorptive capacity, etc., to explain various organizational phenomena, especially a competitive advantage of firms. As a consequence of their frequent use in different contexts, these constructs have become extremely broad and blurred, thus making a void in strategic management literature. In this paper we attempt to bring a sense of holistic perspective on these constructs by briefly reviewing the current state of the research and presenting a conceptual model that provides an explanation for the causal relationships between them. The final section of the paper sheds some light on this topic from the econophysics perspective. Authors hope that findings in this paper may serve as a foundation for other research endeavours related to the topic of how firms achieve competitive advantage and thrive in their environments.

Author Biographies

Ivan Stefanovic, University of Belgrade Faculty of Organizational Sciences

Ivan Stefanovic holds a PhD degree from the Faculty of Organizational Sciences, University of Belgrade. His area of interest covers strategic management, organization  theory, and organization design. Dr Stefanovic currently works as BPM Consultant at M&I Systems, Co. Group.

Sloboda Prokic

Sloboda Prokic holds a PhD degree from the Faculty of Organizational Sciences, University of Belgrade. Her area of interest includes strategic management, interorganizational relations, and organization design. Dr. Prokic has authored and coauthored a large number of papers in these areas.

Gheorghe Săvoiu, University of Pitesti (Romania), Faculty of Economics

Gheorghe Săvoiu, PhD, is Associate Professor at the Department of Accounting, Faculty of Economics, University of Pitesti (Romania). Gheorghe Săvoiu graduated with MBA from the Bucharest Academy of Economic Studies (Commerce Department – Commerce section), and acquired a PhD degree in Economic Sciences from the Faculty of Economic Cybernetics, Statistics and Informatics, Bucharest Academy of Economic Studies (Romania). Besides pedagogical activities, he held a position of manager at the General Board of StatisticsArgeş County – Pitesti. He held a position of dean of the Finance – Accountancy Faculty, to Constantin Brâncoveanu University in Pitesti, between 2003 and 2006. Since 2014, he has also been an associate researcher at INCE “Costin C. Kiriăescu” of the Romanian Academy, part of the new Centre of Mountain  Economics CE-MONT. He is a (co)author of more than 30 books, of 20 papers ISI Thompson (Web of Knowledge), with Hindex ISI Thompson = 4 and of more than 200 indexed journal and conference papers. He was also engaged as a project manager or
member of a project team in more than 10 projects. The major domains of interest: statistics, econometrics, econophysics, sociophysics, logic, philosophy, economics, marketing research, human ecology, management
methods, demography, price universe and interpreter indices, rural tourism.

Ion Iorga Simăn, University of Pitesti, Faculty of Science



Ion Iorga Simăn is a director of the quality of academic education and Physics professor
at the University of Pitesti (Romania).. He was a dean of the Faculty of Science. Prof.
Simăn founded or helped the foundation of about nine faculties at the University of
Pitesti. He published more than 50 books and 300 papers during his more than forty
year long research career.

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Published

2014-12-21

How to Cite

Stefanovic, I., Prokic, S., Săvoiu, G., & Iorga Simăn, I. (2014). Building a Conceptual Model of Routines, Capabilities, and Absorptive Capacity Interplay: paper selected from XIV International Symposium SymOrg 2014. Management:Journal of Sustainable Business and Management Solutions in Emerging Economies, 19(73), 1–16. https://doi.org/10.7595/management.fon.2014.0030

Issue

Vol. 19 No. 73 (2014)

Section

Articles

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