David J. Teece

TL;DR: In this article, the authors present the "eclectic" perspective on the multinational enterprise and show how the addition of the concepts of entrepreneurship, knowledge management, and dynamic capabilities provides a more useful set of variables for theorizing about the MNE, concluding that entrepreneurial management, knowledge awareness, and strong dynamic capabilities are necessary to sustain superior MNE performance in fast-moving global environments.

TL;DR: Teece et al. as discussed by the authors proposed a theory of the firm, which is based on the concept of capabilities and the theory of technology transfer, to describe the evolution of capabilities in a firm.

TL;DR: In this paper, the authors suggest that if society wishes to promote competition, the best way to do so is to promote innovation, which may require dismantling portions of our antitrust laws, which are largely based on neoclassical microeconomic analysis that aspires to a kind of competition-perfect competition.

TL;DR: In this article, the authors suggest that the nature and objective of a firm in an economy with innovation and incomplete markets is to capture value (profit) from its advantages and actions; and that the way in which the firm tries to achieve this (by establishing quasisustainable competitive advantage) is its essence.

TL;DR: In this article , the authors distill four dynamic capabilities: sensing the internal environment, value-capturing through connectedness, orchestrating silos, and transforming organizational boundaries to mitigate value impedance and bestow competitive advantage to MedTech incumbents' digital platform business.