A review on dynamic capacities in strategic management

James O. Ayegba () and Zhou Lu Lin
Additional contact information
James O. Ayegba: Jiangsu University, Zhenjiang, China,
Zhou Lu Lin: Jiangsu University, Zhenjiang, China,

International Entrepreneurship Review, 2020, vol. 6, issue 1, 47-61

Abstract: Objective: The essence of strategic management in every enterprise is targeted at creating value and adding competitive advantage for food and beverage enterprise. In the rapidly changing and complex environment, dynamic capacities play an important role in achieving and sustaining competitive advantage. The main aim of this article is to identify the nature and components of dynamic capacities that have significant effect on strategic management. Research Design & Methods: The research method is based on both theoretical and empirical review of literature. The theoretical review of literature is focusing on dynamic capacities and strategic management.Findings: From the empirical review, it was revealed that dynamic capacities and strategic management are very associated as they are embedded in each other. Also, the organizations should take cognizance of innovation and efficient decision making which are revealed to be critical dynamic capacities that do enhance value creation and competitive advantage (strategic management). The aftermath of this is the inevitability of organizational profit.Contribution & Value Added: The organizations should focus on product innovation and efficient decision making to enhance value creation and competitive advantage over their competitors. Future studies may examine the performance of dynamic capacities on enterprise in a technology turbulent situation vis-à-vis the proposition of happenings in the Industry 5.0.

JEL-codes: E22 G31 L25 M19 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ier.uek.krakow.pl/index.php/pm/article/view/1972/2073 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:krk:ientre:v:6:y:2020:i:1:p:47-61

Ordering information: This journal article can be ordered from

Access Statistics for this article

International Entrepreneurship Review is currently edited by Krzysztof Wach, PhD, hab.

More articles in International Entrepreneurship Review from Centre for Strategic and International Entrepreneurship at the Cracow University of Economics. International Entrepreneurship Review Cracow University of Economics Centre for Strategic and International Entrepreneurship ul. Rakowicka 27 31-510 Krakow Poland. Contact information at EDIRC.
Bibliographic data for series maintained by Bo¿ena Pera, PhD. ().