Algorithm determines which firms have advanced capabilities—and what others must build first
Understanding how firms build their capabilities, such as managerial skills, technology adoption and innovation capacity, is important for explaining why some firms perform better and how others can improve. However, unlike sales or profits, firm capabilities are not easily quantifiable. So existing...
Image: Phys.org
Understanding how firms build their capabilities, such as managerial skills, technology adoption and innovation capacity, is important for explaining why some firms perform better and how others can improve. However, unlike sales or profits, firm capabilities are not easily quantifiable. So existing studies have used surveys or interviews to assess them, but these methods are costly, time-consuming and susceptible to bias.
Originally published at Phys.org
