Unraveling asset recombination through the lens of firm-specific advantages: A dynamic capabilities perspective

The dynamic capabilities perspective highlights that continuous asset augmentation enables firms to address changing environments and sustain competitiveness. However, the literature is still unclear about the nature, interaction, and configuration of dynamic capabilities, and why not all firms are able to successfully upgrade. We propose that the parallel and ongoing IB discussion on asset recombination and firm-specific advantages (FSAs) sheds...