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  • Titill er á ensku Dynamic Capabilities and Pain Points in the Icelandic Energy Sector
  • Meistara
  • Útdráttur er á ensku

    The core topic of strategic management as a field of study is how firms achieve and maintain competitive advantage. The concept of dynamic capabilities, which draws from the resource-based view, organizational learning, contingency theory and evolutionary economics for its theoretical foundation, is one of the most influential paradigms in this field. Capabilities can influence a firm’s performance on many levels and can be used to change short-term competitive positions into long-term competitive advantages. Dynamic capabilities offer managers a way to change their firm’s competencies, knowledge systems and culture to adapt to a dynamic environment, ensuring organizational survival.
    In this thesis the theoretical and practical benefits of dynamic capabilities will be explored in relation to the Icelandic energy sector. In the first chapter, we explain the goals and value of my study, as well as providing background information about the Icelandic energy sector and performing basic internal and external strategic analyses such as VRIO and PESTEL. In the second chapter, we review the theoretical foundations of dynamic capability research and the process model to be used in this study. It begins with a literature review of dynamic capabilities that touches on several theoretical streams: Contingency theory, innovation management and theory of the firm, to name a few. The scope of the study and theory behind the process model are also discussed in this section.
    The research methods, design and data analysis are examined in the third chapter. The goal of this research is to clarify the Icelandic energy sector’s pain points from the dynamic capabilities view (DCV) by conducting a questionnaire based survey study on the experiences and opinions of individuals currently employed in the Icelandic energy sector. An analysis of the results will be used to suggest further avenues of research based on survey data collected from a sample of Icelandic firms functioning in the energy sector. Managers and other staff working for energy production firms, or engineering, consulting or service firms that operate in the energy sector were invited to take part in the study via e-mail.
    The fourth chapter discusses the research findings, perform a statistical analysis, provide suggestions for validity tests and improvements for future use. The next chapter turns to a discussion of the implications of the research and analysis. In this section the analysis will be more descriptive than statistical. Finally, we review the conclusions and limitations of the paper with suggestions for future research.

  • 27.11.2015

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