The Dynamic Metacapabilities Framework
Introducing Quantum Management and the Informational View of the Firm

Quantum management, the dynamic metacapabilities framework allows firms to transform business models and proposes an informational theory.

Harold Paredes-Frigolett (Author), Andreas Pyka (Author)

9781009627610, Cambridge University Press

Hardback, published 20 February 2025

84 pages
22.9 x 15.2 x 0.6 cm, 0.259 kg

The view of dynamic capabilities in evolutionary economics as being based on capabilities comprised of routines has so far precluded their integration in evolutionary economics. This Element contributes to such integration by introducing the dynamic metacapabilities framework. Borrowing from quantum mechanics, dynamic metacapabilities assume that resources and capabilities, rather than being created ex-nihilo, result from bundles of information 'decohering ' to bundles of resources and capabilities as new information becomes available to the firm. Operationalized by a management paradigm we call 'quantum management, ' dynamic metacapabilities contribute to integrating dynamic capabilities in evolutionary economics and to resolving the ongoing debate on what dynamic capabilities are by postulating an informational view of the firm according to which firms 'evolve ' with strategy throughout a lifecycle governing the transition from dynamic 'metacapabilities ' to dynamic capabilities and onto ordinary capabilities.

1. Introduction
2. Previous work
3. The dynamic metacapabilities framework
4. Quantum management
5. Discussion
6. Conclusions
References.

Subject Areas: Economics [KC]