THEORETICAL UNDERPINNINGS OF DYNAMIC CAPABILITIES
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 9
Abstract
This article is a review of literature about the theoretical underpinnings of dynamic capabilities. It discusses the theoretical underpinnings of dynamic capabilities. It starts with a conceptualization of dynamic capabilities, the role of dynamic capabilities, and their impact on organizations. The article explores diverse concepts by which dynamic capabilities have been the theoretical foundations of dynamic capabilities. It traces the origins of dynamic capabilities to the concepts of creative destruction, architectural innovation, configuration, competence, combinative capabilities, distinctive competence, core competence, organizational behaviour and organizational routines. It finds that dynamic capabilities are an extension of the Resource Based View. The paper identifies some conceptual gaps emanating from lack of clear definition. It concludes that a multi theory study and uncover a single conceptual definition. The article contributes to the understanding of dynamic capabilities as a new paradigm in strategic management.
Authors and Affiliations
Kitenga, G. M| Phd Student, School of Business. Kenyatta University, Nairobi, Kenya. email: gkitenga@yahoo.com , Tel +254717736609, Thuo Kuria J| Associate Professor, School of Business, Cretsa University. Thika, Kenya
Keywords
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