Abstract
The purpose of the study is to investigate and elaborate the dynamic capabilities needed to manage disruptive busi-ness. This paper is a conceptual paper. Firstly, authors present key concept of technological disruption, which is highly relevant for modern corporate foresight. Nowadays, in the market conditions of corporate foresight, VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) approach has a significant role. Secondly, the rigor of this pa-per is to combine scientific discussion of technological disruption with the VUCA approach and dynamic capabili-ties of smart disruptor. The special focus of this article is the challenges of orchestration of dynamic capabilities in the special conditions of VUCA business environment and disruptive competition. The method/design of this study is a conceptual paper. The results: We evaluate the role of competence gaps identification inside a firm: The technol-ogy gaps, market gaps and business model gaps in modern business leadership. Our principal conclusion is to pre-sent tools to manage the dynamic capabilities in the VUCA and in the disruptive business environment. Further, we will present the pleminary definition of the smart disruptor.
Highlights
Under current market conditions of corporate foresight, turbulence is a key element of the business landscape globally
To sum up the profile of smart disruptor, authors will present four critical elements of smart disruptor profile organizations based on previous discussion
We introduce the concepts of 1) Disruptive innovation theory, 2) Dynamic Capabilities, 3) Business Models in dynamic capabilities framework, 4) Business model-dynamic capability interactions, 5) Developing dynamic capabilities in a disruptive strategic process, 6) Meeting disruptions: Modern foresight and scenario thinking today
Summary
Under current market conditions of corporate foresight, turbulence is a key element of the business landscape globally. Authors define key concepts of technological disruption and disruptive innovation. Both these concepts are important to foresight. We present technological transformation and summarise it to create a bigger picture Authors link this discussion to the VUCA approach. Authors present the new corporate foresight framework and management tool based on foresight, and manage volatility, uncertainty, complexity and ambiguity in field of technological disruption globally. Authors present the new corporate foresight framework, which is highly relevant for corporations and takes current technological transformation more seriously than previous proposals, which expect more stable business and a technological landscape. To sum up the profile of smart disruptor, authors will present four critical elements of smart disruptor profile organizations based on previous discussion
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