Dynamic and integrative capabilities for profiting from innovation in digital platform-based ecosystems

By Constance E. Helfat, Ruth S. Raubitschek. Research Policy, 2018

883 citations recorded by the source corpus.

For firms at the center of platform-based ecosystems, Teece (2018) argues that dynamic capabilities can enable the firms to create and capture value by building ecosystems and designing appropriate business models. In line with the original Profiting From Innovation (PFI) framework, Teece (2018) also argues that complementary asset providers may be able to capture substantial value. Here we provide a theoretical analysis that explains the ways in which dynamic capabilities underpin not only value creation but also value capture by platform leaders. We propose that three types of dynamic capabilities at a minimum are critical for platform leaders: innovation capabilities, environmental scanning and sensing capabilities, and integrative capabilities for ecosystem orchestration. We further argue that integrative capabilities play a key role in improving the ability of platform leaders to capture value.

Subfields: Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d7c0397e569f3a147a2b78821d70954c20932f19

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Citations in the corpus

How entrepreneurial SMEs compete through digital platforms: The roles of digital platform capability, network capability and ambidexterity (2019, background): “Accordingly, digital platform capability allows firms to integrate critical shared knowledge that leverages internal resources while reconfiguring internal and external resources to better respond to highly changeable market needs (Helfat & Raubitschek, 2018; Teece, 2018).”
Platform Competition: A Systematic and Interdisciplinary Review of the Literature (2020, neutral): “…ecosystem is governed and by what means the behaviors of its members are orchestrated by one or more powerful players in the ecosystem (e.g., Altman & Tushman, 2017; Helfat & Raubitschek, 2018; Sampler, 2018; Schmeiss, Hoelzle, & Tech, 2019; Tiwana, Konsynski, & Bush, 2010; Wareham et al., 2014).”
Global platforms and ecosystems: Implications for international business theories (2019, background): “…integrator, complementor) – wherein the interdependencies tend to be standardized within each role (Jacobides et al., 2018) – and the consequent need for different types of skills, capabilities, and strategies (Autio & Thomas, 2014; Helfat & Raubitschek, 2018; Nambisan & Sawhney, 2011).”
Artificial Intelligence and Entrepreneurship: Implications for Venture Creation in the Fourth Industrial Revolution (2020, background): “…as they must adapt their operations to benefit from the affordances of establishing technologies such as open source (Lerner & Tirole, 2002), peer- to-peer platforms (P2P; Helfat & Raubitschek, 2018 ) and more recent advances such as cryptocurrency and Initial Coin Offerings (ICOs; Fisch, 2018).”