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Development of Industrial Enterprises' Dynamic Capabilities in the Digital Economy

Author

Listed:
  • Yelena D. Vaisman

    (South Ural State University (national research university))

  • Natalya S. Nikiforova

    (South Ural State University (national research university))

Abstract

The article considers a relevant problem of the readiness of Russian industrial enterprises to address the threats of hypercompetition under the digital economy. The authors construct a hypothesis on the possibility of overcoming these threats and building sustainable competitive advantages in conditions of the digital economy through forming and developing the industrial enterprises’ dynamic capabili? ties. The researchers develop a method for assessing dynamic capabilities, and adapt it to the Russian manufacturing industries. The paper presents the results of measuring the levels of the digital economy development in every sector and builds a positioning map of manufacturing industries in the coordi? nates “level of dynamic capabilities of an industry” and “degree of the digital economy development in an industry”. The authors specify four groups of industries, which differ in the degree of readiness to the development of the digital economy and in potential for such development. The findings can be use? ful for enterprises of the industries explored in the research to make decisions about investments into development of dynamic capabilities to form sustainable competitive advantages in the digital economy

Suggested Citation

  • Yelena D. Vaisman & Natalya S. Nikiforova, 2018. "Development of Industrial Enterprises' Dynamic Capabilities in the Digital Economy," Journal of New Economy, Ural State University of Economics, vol. 19(3), pages 126-136, June.
    • Handle: RePEc:url:izvest:v:19:y:2018:i:3:p:126-136
    DOI: 10.29141/2073-1019-2018-19-3-11
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    References listed on IDEAS

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    1. Richard A. D'Aveni & Giovanni Battista Dagnino & Ken G. Smith, 2010. "The age of temporary advantage," Strategic Management Journal, Wiley Blackwell, vol. 31(13), pages 1371-1385, December.
    2. Kathleen M. Eisenhardt & Jeffrey A. Martin, 2000. "Dynamic capabilities: what are they?," Strategic Management Journal, Wiley Blackwell, vol. 21(10‐11), pages 1105-1121, October.
    3. David J Teece, 2014. "A dynamic capabilities-based entrepreneurial theory of the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(1), pages 8-37, January.
    4. David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
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    Cited by:

    1. Lee, Chien-Chiang & Zeng, Mingli & Luo, Kang, 2023. "Food security and digital economy in China: A pathway towards sustainable development," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1106-1125.
    2. Luo, Kang & Liu, Yaobin & Chen, Pei-Fen & Zeng, Mingli, 2022. "Assessing the impact of digital economy on green development efficiency in the Yangtze River Economic Belt," Energy Economics, Elsevier, vol. 112(C).

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    More about this item

    Keywords

    industrial enterprise; strategic management; dynamic capabilities; digital economy; hy? percompetition.;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D29 - Microeconomics - - Production and Organizations - - - Other
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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