The theory of resource-based view (RBV) explain the firm competitive advantage through the uniqueness, rare and imitable resources that the firm created which lead to firm growth. Apart from that, the RBV only explain the firm competitive advantage in the static environment and this has become a limitation especially when the firm is dealing in the fast and changing market environment. On the other hand, theory of dynamic capability explain the firm competitive advantage from the perspective of dynamic and fast-moving environment and has received much attention from the international business scholar since 1990s. Dealing in international business market has involve different environmental background, and in order for the firm to cope with this differences, the firm need to develop specific capabilities and continuous learning. It is important for the firm to remain relevant and competitive in the market especially when doing the business outside the home country.
Ambrosini, V., & Bowman, C. (2009). What are dynamic capabilities and are they a useful construct in strategic management? International Journal of Management Reviews, 11(1), 29-49.
Andersson, S., & Evers, N. (2015). International opportunity recognition in international new ventures- a dynamic managerial capabilities perspective. Journal of International Entrepreneurship, 13(3), 260-276.
Argyris, C., & Schon, D. (1978). Organizational learning: a theory of action perspective. [Press release]
Barney, J. B. (1986). Strategic factor markets: expectations, luck and business strategy. Management Science, 32, 1231-1241.
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.
Barreto, I. (2010). Dynamic capabilities: A review of past research and an agenda for the future. Journal of Management, 36(1), 256-280.
Bouncken, R. B., Lehmann, C., & Fellnhofer, K. (2016). The role of entrepreneurial orientation and modularity for business model innovation in service companies. International Journal of Entrepreneurial Venturing, 8(3), 237-260.
Chabowski, B., Kekec, P., Morgan, N. A., Hult, G. T. M., Walkowiak, T., & Runnalls, B. (2018). An assessment of the exporting literature: using theory and data to identify future research directions. Journal of International Marketing, 26(1), 118-143.
Danneels, E. (2002). The dynamics of product innovation and firm competences. Strategic Management Journal, 23(12), 1095-1121.
Dong, X., Yu, Y., & Zhang, N. (2016). Evolution and coevolution: dynamic knowledge capability for catching-up in emerging economies. Management and Organization Review, 12(4), 717-745.
Easterby-Smith, M. E., Lyles, M., & Peteraf, M. A. (2009). Dynamic capabilites: current debate and future directions. British Journal of Management, 20(1), 1-8.
Easterby-Smith, M. E., & Prieto, I. (2008). Dynamic capabilities and knowledge management: an integrative role for learning? British Journal of Management, 19(3), 235-249.
Efrat, K., Hughes, P., Nemkova, E., Souchon, A. L., & Sy-Changco, J. (2018). Leveraging of dynamic export capabilities for competitive advantage and performance consequences: Evidence from China. Journal of Business Research, 84, 114-124.
Eisenhardt, K., & Martin, J. (2000). Dynamic capability: What are they? Strategic Management Journal, 21, 1105-1121.
El Akremi, A., Perrigot, R., & Piot-Lepetit, I. (2015). Examining the drivers for franchised chains performance through the lens of dynamic capabilities approach. Journal of Small Business Management, 53(1), 145-165.
Fitz-Koch, S., & Nordqvist, M. (2017). The reciprocal relationship of innovation capabilities and socioemotional wealth in a family firm. Journal of Small Business Management, 55(4), 547-570.
Gnizy, I., Baker, W. E., & Grinstein, A. (2014). Proactive learning culture: A dynamic capability and key success factor for SMEs entering foreign market. International Marketing Review, 31(5), 477-505.
Grant, R. M. (1996a). Prospering in dynamically-competitive environments: organizational capability as knowledge integration. Organization Science, 7(4), 375-387.
Grant, R. M. (1996b). Toward a knowledge-based theory of the firm. Strategic Management Journal(17), 109-122.
Hammer, M. (2001). The agenda: what every business must do to dominate the decade. [Press release]
Henderson, R., & Cocburn, I. (1994). Measuring competence? Eploring firm effects in pharmaceutical research. Strategic Management Journal, 15(1), 63-84.
Hsu, C., Lien, Y., & Chen, H. (2013). International embidexterity and firm performance in small emerging economies. Journal of World Business, 48, 58-67.
Hung, R. Y. Y., Yang, B., Lien, B. Y. H., McLean, G. N., & Kuo, Y.-M. (2010). Dynamic capability: impact of process alignment and organizational learning culture on performance. Journal of World Business, 45(3), 285-294.
Jashapara, A. (1993). The competitive learning organization: a quest for the Holy. Manag
In-Text Citation: (Samsudin & Ismail, 2019)
To Cite this Article: Samsudin, Z. binti, & Ismail, M. D. (2019). The Concept of Theory of Dynamic Capabilities in Changing Environment. International Journal of Academic Research in Business and Social Sciences, 9(6), 1071–1078.
Copyright: © 2019 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
