medi aries ▁▁ ▁Techn ological ▁mod ular ization ▁or ▁standard ization ▁and ▁the ▁per vas iveness ▁of ▁information ▁and ▁communication ▁techn ologies ▁( I CT ) ▁ ▁G row ing ▁business ▁networks ▁and ▁partners hips ▁ ▁Compos itional ▁Process ▁The ▁composition - based ▁strategy ▁is ▁achieved ▁through ▁the ▁compos itional ▁process , ▁which ▁re lies ▁on ▁the ▁recognition ▁and ▁management ▁of ▁inter dependencies , ▁both ▁inside ▁the ▁firm ▁and ▁with ▁external ▁network ▁partners . ▁Compos itional ▁process ▁ent ails ▁a ▁set ▁of ▁key ▁process ▁capabilities , ▁including : ▁ ▁A ▁strong ▁entrepr ene ur ial ▁orientation ▁aim ed ▁at ▁explo iting ▁external ▁opportun ities . ▁Fir ms ▁that ▁follow ▁the ▁composition - based ▁strategy ▁are ▁often ▁led ▁by ▁execut ives ▁who ▁have ▁sharp ▁vision ▁and ▁who ▁have ▁adopted ▁p rag m atic ▁measures ▁in ▁order ▁to ▁tap ▁into ▁new ▁mark ets ▁with ▁a ▁height ened ▁entrepr ene ur ial ▁orientation . ▁ ▁Network ▁compet ence ▁in ▁the ▁sense ▁of ▁an ▁ability ▁to ▁pull ▁together ▁the ▁resources ▁required ▁to ▁enable ▁the ▁explo itation ▁of ▁external ▁opportun ities . ▁Le ver aging ▁external ▁resources ▁requires ▁drawing ▁from ▁a ▁range ▁of ▁various ▁sources ▁and ▁t ies . ▁▁▁ ▁An ▁ade pt ▁management ▁system ▁within ▁the ▁firm ▁that ▁maintain s ▁a ▁fine ▁balance ▁between ▁central ▁direction ▁and ▁decent ral ized ▁adapt ive ▁initi ative . ▁The ▁combination ▁of ▁top - down ▁vision ▁with ▁decent ral ized ▁horizontal ▁flex ibility ▁enables ▁fir ms ▁with ▁ordinary ▁resources ▁to ▁secure ▁a ▁compet itive ▁advantage ▁by ▁reducing ▁lead ▁times , ▁speed