Strategic Management of Technology
The two most prominent perspectives on strategic management are the competitive forces view and the resource-based view. However, these perspectives do not adequately take into consideration the complex nature of organizations and industries and are lacking in their consideration of the interaction of the various agents in the system. As the organizational environment becomes more complex and the rate of change increases, a new perspective is needed in order to help understand this hypercompetitive environment and use this understanding to build and sustain competitive advantage. Complex systems theory adds to the existing perspectives by exploring the linkages and interactions of system agents and the resulting emergent phenomena. This paper explores how the field of complex adaptive systems can contribute to the theories of strategic management by linking the recent research on complexity leadership theory to firm dynamic capabilities.
Waugh, Kelly, "Enhancing Dynamic Capabilities with Complexity Leadership" (2008). Engineering and Technology Management Student Projects. 1124.