The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.
What are dynamic capabilities and are they a useful construct in strategic management?
Abstract
The dynamic capability perspective extends the resource‐based view argument by addressing how valuable, rare, difficult to imitate and imperfectly substitutable resources can be created and how the current stock of valuable resources can be refreshed in changing environments. The concept of dynamic capabilities emerged in the 1990s, and the field has advanced considerably since. This paper presents a review as well as a synthesis of the extant literature. This synthesis first highlights, that dynamic capabilities are shaped by enabling and inhibiting variables within and outside the firm, including the perceptions and motivations of managers; secondly, it identifies processes that create dynamic capabilities; and thirdly, it explains that dynamic capabilities do not automatically lead to performance improvements. Finally, the paper addresses some areas of confusion and contradiction that hamper the development of the literature.
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Citations
Cites
Firm Resources and Sustained Competitive Advantage
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“The ostensive aspect of the routine is the structure or abstract understanding of the routine, and the performative aspect is the actual performance of the routine (Feldman and Pentland 2003).”
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“In other words, how managers interpret environmental issues, whether they perceive uncertainty and complexity, will affect their decisions and actions (Aragon-Correa and Sharma 2003).”
Influential
Cited by
Big data consumer analytics and the transformation of marketing
Erevelles, S., Fukawa, N., & Swayne, L. (2016) · Journal of Business Research · doi:10.1016/j.jbusres.2015.07.001 · Cited by 1,377
Schilke, O., Hu, S., & Helfat, C. E. (2018) · Academy of Management Annals · doi:10.5465/annals.2016.0014 · Cited by 1,226
Mikalef, P., & Pateli, A. (2017) · Journal of Business Research · doi:10.1016/j.jbusres.2016.09.004 · Cited by 1,038
Assessing business value of big data analytics in European firms
Côrte-Real, N., Oliveira, T., & Ruivo, P. (2017) · Journal of Business Research · doi:10.1016/j.jbusres.2016.08.011 · Cited by 538
Dynamic capabilities and their indirect impact on firm performance
Protogerou, A., Caloghirou, Y., & Lioukas, S. (2012) · Industrial and Corporate Change · doi:10.1093/icc/dtr049 · Cited by 503
Côrte-Real, N., Ruivo, P., & Oliveira, T. (2020) · Information & Management · doi:10.1016/j.im.2019.01.003 · Cited by 306
Fosso Wamba, S. (2022) · International Journal of Information Management · doi:10.1016/j.ijinfomgt.2022.102544 · Cited by 269
Dynamic Capabilities in Public Organizations: A literature review and research agenda
Piening, E. P. (2013) · Public Management Review · doi:10.1080/14719037.2012.708358 · Cited by 270
Big data, big decisions: The impact of big data on board level decision-making
Merendino, A., Dibb, S., Meadows, M., Quinn, L., Wilson, D., Simkin, L., & Canhoto, A. (2018) · Journal of Business Research · doi:10.1016/j.jbusres.2018.08.029 · Cited by 239
Mishra, D., Luo, Z., Hazen, B., Hassini, E., & Foropon, C. (2019) · Management Decision · doi:10.1108/md-03-2018-0324 · Cited by 87
Graham, S. (2018) · International Journal of Production Economics · doi:10.1016/j.ijpe.2018.01.005 · Cited by 79
Self‐regulation and effort in entrepreneurial tasks
Trevelyan, R. (2011) · International Journal of Entrepreneurial Behavior & Research · doi:10.1108/13552551111107507 · Cited by 70
“Preparing for business model change: The “pre-stage” finding”
Cavalcante, S. A. (2014) · Journal of Management & Governance · doi:10.1007/s10997-012-9232-7 · Cited by 48
Kulichyova, A., Kazantsev, N., White, L., & Islam, N. (2025) · International Journal of Management Reviews · doi:10.1111/ijmr.12395 · Cited by 38
Kashan, A. J., & Mohannak, K. (2019) · Journal of Management & Organization · doi:10.1017/jmo.2017.28 · Cited by 6
Münter, M. T. (2026) · International Encyclopedia of Business Management · doi:10.1016/b978-0-443-13701-3.00203-6 · Cited by 3
Metadata
- Authors
- Ambrosini, V., & Bowman, C.
- Venue
- International Journal of Management Reviews
- Publisher
- Wiley
- Published
- 2009-01-05
- Volume
- 11
- Issue
- 1
- Pages
- 29-49
- ISSN
- 1460-8545 (ISSN-L)
- 1468-2370
- OpenAlex
- W2172224377
- Cited by
- 1,641
- References
- 11
- FWCI
- 158.96
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.