One of the fundamental challenges facing established organisations is how to renew their strategy in order to prosper and grow. Strategic renewal has been defined in many ways but at its core it involves the transformation of the organisation’s capabilities that can reposition the firm in...

The resource-based view (RBV) of the firm proposes that resources are mobilised by capabilities, and that both arise from ‘dynamic’ capabilities (DC). RBV research suggests that co-specialised DC’s – those which are most valuable together (CDC’s) - are particularly difficult to copy....