Advanced SearchSearch Tips
Exploratory research on the dynamic capabilities of leading firms: Research framework building
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
Exploratory research on the dynamic capabilities of leading firms: Research framework building
Paek, Byung-Joo; Lee, Hee-Sang;
  PDF(new window)
Sources of innovation and a sustainable competitive advantage for market leading firms in a dynamic environment are major concerns for both firm managers and academic researchers. For this reason, the dynamic capability view (DCV), evolved from the resource-based view (RBV) is gaining popularity as a cornerstone for success of firms in a dynamic market. DCV proposes a number of new concepts and elements, but these are still under development. This study suggests a comprehensive constitution of dynamic capabilities by performing a systematic literature review of 59 conceptual research papers from 238 bodies of literature. For the integrative conceptual framework, the elements of the dynamic capabilities are segmented into organizational learning and strategic choices with sensing, seizing, and reconfiguring stages. In addition, our conceptual framework lays a foundation for further empirical studies, with investigating sources of competitive advantage of market leading firms.
Dynamic capabilities;DCV;leading firms;resource;sustainable competitive advantage;
 Cited by
J. Barney, "Firm resources and sustained competitive advantage", Journal of Management, vol. 17, no. 1, pp.99-120, 1991. DOI:

J. Child, "Organizational structure, environment and performance: The role of strategic choice", Sociology, vol. 6, no. 1, pp.1-22, 1972. DOI: crossref(new window)

M. E. Porter, Competitive strategy, Free Press, New York, 1980.

D. J. Teece, G. Pisano, & A. Shuen, "Dynamic Capabilities and Strategic Management", Strategic Management Journal, vol. 18, no. 7, pp.509-533, 1997. DOI: 18:7< 509::AID-SMJ882>3.0.CO;2-Z crossref(new window)

P. Jo, "The theory of the firm as the competitive strategy theory: a synthesis of competence-based perspective with evolutionary perspective", The Korean Journal of Economics, vol. 19, no. 2, pp.313-344, 2012.

N, J, Foss, "The resource-based perspective: an assessment and diagnosis of problems", Scandinavian Journal of Management, vol. 14, no. 3, pp.133-149, 1998. DOI: crossref(new window)

E. T. Penrose, The Theory of the Growth of the Firm, Oxford University Press, Oxford, 1959.

B. Wernerfelt, "A resource‐based view of the firm", Strategic Management Journal, vol. 5, no. 2, pp.171-180, 1984. DOI: crossref(new window)

K. Hafeez,, Z. YanBing, & M. Naila, "Core competence for sustainable competitive advantage: a structured methodology for identifying core competence", Engineering Management, IEEE Transactions on, vol. 49, no. 1, pp.28-35, 2002. crossref(new window)

C. M. Christensen, "Making strategy: Learning by doing", Harvard Business Review, vol. 75, no. 6, pp.141-156, 1997.

S. Dixon, K. Meyer, & M. Day, "Building dynamic capabilities of adaptation and innovation: a study of micro-foundations in a transition economy", Long Range Planning, vol. 47, no. 4, pp.186-205, 2014. DOI: crossref(new window)

I. Barreto, "Dynamic capabilities: A review of past research and an agenda for the future", Journal of Management, vol. 36, no. 1, pp. 256-280, 2010. DOI:

G. Cepeda, & D. Vera, "Dynamic capabilities and operational capabilities: a knowledge management perspective", Journal of Business Research, vol. 60, no. 5, pp.426-437, 2007. DOI: crossref(new window)

C. E. Helfat, S. Finkelstein, W. Mitchell, M. Peteraf, H. Singh, D. J. Teece, & S. G. Winter, Dynamic capabilities: Understanding strategic change in organizations, John Wiley & Sons, Blackwell, Oxford. 2009.

S. G. Winter, "Understanding dynamic capabilities", Strategic Management Journal, vol. 24, no. 10, pp.991-995, 2003. DOI: crossref(new window)

W. S. Schulze, "The two schools of thought in resource-based theory: Definitions and implications for research" . Advances in Strategic Management, vol. 10, no. 1, pp. 127-152, 1994.

J. Fahy & A. Smithee, "Strategic marketing and the resource based view of the firm", Academy of Marketing Science Review, vol. 10, no. 1, pp.1-21, 1999.

C. A. Montgomery, Resource-Based and Evolutionary Theories of the Firm: Towards a Synthesis, Springer, 1995. DOI: crossref(new window)

R. Hogarth, C. Michaud, Y. Doz, & L. V. Heyden, Longevity of business firms: a four-stage framework for analysis, INSEAD, 1991.

R. Yam, W. Lo, E. P. Tang, & A. K. Lau, "Analysis of sources of innovation, technological innovation capabilities, and performance: An empirical study of Hong Kong manufacturing industries", Research Policy, vol. 40, no. 3, pp. 391-402, 2011. DOI: crossref(new window)

R. Sanchez, & A. Heene, Competence-based strategic management: Concepts and issues for theory, research, and practice, pp.3-42, 1997..

S. B. Kazozcu, "Role of strategic flexibility in the choice of turnaround strategies: A resource based approach", Procedia-Social and Behavioral Sciences, vol. 24, pp.444-459. 2011. DOI: crossref(new window)

T. T. Coates, & C. M. McDermott, "An exploratory analysis of new competencies: a resource based view perspective", Journal of Operations Management, vol. 20, no. 5, pp.435-450. 2002. DOI: crossref(new window)

C. K. Prahalad, & G. Hamel, The core competence of the corporation, Boston (MA), pp.235-256. 1990.

D. Leonard-Barton, Wellsprings of knowledge: Building and sustaining the sources of innovation. Harvard Business Press, 1998.

K. M. Eisenhardt, & J. A. Martin, "Dynamic capabilities: what are they?", Strategic management journal, vol. 21, no. 10-11, pp. 1105-1121, 2000. D O I :;2-E crossref(new window)

S. G. Winter, "Understanding dynamic capabilities", Strategic management journal, vol. 24, no. 10, pp.991-995. 2003. DOI: crossref(new window)

A. Jantunen, H. K. Ellonen, & A. Johansson, "Beyond appearances-Do dynamic capabilities of innovative firms actually differ?", European Management Journal, vol. 30, no. 2, pp. 141-155, 2012. crossref(new window)

D. J. Teece, "Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance", Strategic management journal, vol. 28, no. 13, pp.1319-1350, 2007. DOI: crossref(new window)

C. E. Helfat, & M. A. Peteraf, "The dynamic resource-based view: Capability lifecycles", Strategic Management Journal, vol. 24, no. 10, pp.997-1010, 2003. DOI: crossref(new window)

S. A. Zahra, H. J. Sapienza, & P. Davidsson, "Entrepreneurship and Dynamic Capabilities: A review, model and research agenda", Journal of Management Studies, vol. 43, no. 4, pp.917-955, 2006. DOI: crossref(new window)

M. Zollo, & S. G. Winter, "Deliberate learning and the evolution of dynamic capabilities", Organization science, vol. 13, no. 3, pp.339-351, 2002. DOI: crossref(new window)

H. Lee, Research methodology, Chung-ram, 2008.

C. Park, & H. Lee, "Identification of resources and competences for value co-creation in the relationship network of high-tech B2B firm", Journal of the Korea Academia-Industrial cooperation Society, vol. 15, no. 4, pp. 1923-1931, 2014. DOI: crossref(new window)

B. Kitchenham, Procedures for performing systematic reviews. Keele University Technical Report, UK, Keele University, vol. 33, 2004.

S. Green, "Systematic reviews and meta-analysis", Singapore medical journal, vol. 46, no. 6, pp.270-274, 2005.

K. Yu, J. Chung, Y. Kim, & H. Kim, Qualitative research methods, Park-young-sa, 2013.

G. Anand, P. T. Ward, M. V. Tatikonda, & D. A. Schilling, "Dynamic capabilities through continuous improvement infrastructure", Journal of Operations Management, vol. 27, no. 6, pp. 444-461. 2009. DOI: crossref(new window)

M. Dodgson, "Organizational learning: a review of some literatures", Organization studies, vol. 14, no. 3, pp.375-394, 1993. DOI: crossref(new window)

P. N. Figueiredo, "Beyond technological catch-up: An empirical investigation of further innovative capability accumulation outcomes in latecomer firms with evidence from Brazil", Journal of Engineering and Technology Management, vol. 31, pp.73-102, 2014. DOI: crossref(new window)

S. Mahroum, & Y. Al-Saleh, "Towards a functional framework for measuring national innovation efficacy", Technovation, vol. 33, no. 10, pp.320-332, 2013. DOI: crossref(new window)

J. Alegre, & R. Chiva "Assessing the impact of organizational learning capability on product innovation performance: An empirical test", Technovation, vol. 28, no. 6, pp. 315-326. 2008. DOI: crossref(new window)

R. Y. Y. Hung, B. Yang, B. Y. H. Lien, G. N. McLean, & Y. M. Kuo, "Dynamic capability: Impact of process alignment and organizational learning culture on performance", Journal of World Business, vol. 45, no. 3, pp.285-294, 2010. DOI: crossref(new window)

S. H. Liao, W. C. Fei, & C. T. Liu, "Relationships between knowledge inertia, organizational learning and organization innovation", Technovation, vol. 28, no. 4, pp. 183-195, 2008. DOI: crossref(new window)

J. Weerawardena, G. S. Mort, P. W. Liesch, & G. Knight, "Conceptualizing accelerated internationalization in the born global firm: A dynamic capabilities perspective", Journal of World Business, vol. 42, no. 3, pp.294-306. 2007. DOI: crossref(new window)

K. Roy, & P. W. Khokhle, "Integrating resource-based and rational contingency views: Understanding the design of dynamic capabilities of organizations", Vikalpa, vol. 36, no. 4, 2011.

D. Y. Li, & J. Liu, "Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China", Journal of Business Research, vol. 67, no. 1, pp.2793-2799, 2014. DOI: crossref(new window)

C. L. Nicholls‐Nixon, & C. Y. Woo, "Technology sourcing and output of established firms in a regime of encompassing technological change", Strategic Management Journal, vol. 24, no. 7, pp.651-666, 2003. DOI: crossref(new window)

D. Y. Li, & J. Liu, "Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China", Journal of Business Research, vol. 67, no. 1, pp. 2793-2799, 2014. DOI: crossref(new window)

C. L. Wang, & P. K. Ahmed, "Dynamic capabilities: A review and research agenda", International Journal of Management Reviews, vol. 9, no. 1, pp.31-51, 2007. DOI: crossref(new window)

B. Menguc, & S. Auh, "Creating a firm-level dynamic capability through capitalizing on market orientation and innovativeness", Journal of the academy of marketing science, vol. 34, no. 1, pp.63-73. 2006. DOI: crossref(new window)

A. Herrmann, O. Gassmann, & U. Eisert, "An empirical study of the antecedents for radical product innovations and capabilities for transformation", Journal of Engineering and Technology Management, vol. 24, no. 1, pp. 92-120. 2007. DOI: crossref(new window)

N. Kachaner, & M. S. Deimler, "How leading companies are stretching their strategy", Strategy & Leadership, vol. 36, no. 4, pp. 40-43, 2008. DOI:

K. Z. Zhou, & C. B. Li, "How strategic orientations influence the building of dynamic capability in emerging economies", Journal of Business Research, vol. 63, no. 3, pp.224-231, 2010. DOI: crossref(new window)

N. Evers, "International new ventures in "low tech" sectors: a dynamic capabilities perspectiv", Journal of Small Business and Enterprise Development, vol. 18, no. 3, pp.502-528. 2011. DOI: crossref(new window)

M. Hobday, A. Davies, & A. Prencipe, "Systems integration: a core capability of the modern corporation", Industrial and corporate change, vol. 14, no. 6, pp.1109-1143, 2005. DOI: crossref(new window)

R. Adner, & C. E. Helfat, "Corporate effects and dynamic managerial capabilities", Strategic Management Journal, vol. 24, no. 10, pp. 1011-1025, 2003. DOI: crossref(new window)

S. Rivard, L. Raymond & D. Verreault, "Resource-based view and competitive strategy: An integrated model of the contribution of information technology to firm performance", Journal of Strategic Information Systems, vol. 15, no. 1, pp.29-50, 2006. DOI: crossref(new window)

C. M. Christensen, & M. E. Raynor, The innovator's solution. Harvard Business Press, 2003.

A. Steiber, & S. Alange, "A corporate system for continuous innovation: the case of Google Inc.", European Journal of Innovation Management, vol. 16, no. 2, pp.243-264. 2013. DOI: crossref(new window)

Y. Lin, & L. Y. Wu, "Exploring the role of dynamic capabilities in firm performance under the resource-based view framework", Journal of Business Research, vol. 67, no. 3, pp.407-413. 2014. DOI: crossref(new window)

G. T. Lumpkin, & G. G. Dess, "Clarifying the entrepreneurial orientation construct and linking it to performance", Academy of management Review, vol. 21, no. 1, pp.135-172. 1996. DOI: crossref(new window)

A. Rauch, J. Wiklund, G. T. Lumpkin, & M. Frese, "Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future", Entrepreneurship Theory and Practice, vol. 33, no. 3, pp.761-787. 2009. DOI: crossref(new window)

R. Stringer, "How to manage radical innovation", California Management Review, vol. 42, no. 4, pp.70-88, 2000. DOI: crossref(new window)

P. McLaughlin, J. Bessant, & P. Smart, "Developing an organisation culture to facilitate radical innovation", International Journal of Technology Management, vol. 44, no.3-4, pp. 298-323, 2008. DOI: crossref(new window)

A. MacCormack, & M.Iansiti, "Intellectual property, architecture, and the management of technological transitions: Evidence from Microsoft Corporation", Journal of Product Innovation Management, vol. 26, no. 3, pp. 248-263.2009. DOI: crossref(new window)

W. Lee, & Y. Kwon, "Dynamic capability and strategic alliance of global firm: The case of Samsung electronics", Korea Business Review, vol. 9, no. 2, pp. 63-86, 2006.

P. Baloh, K. Uthicke, & G. Moon, "A business process-oriented method of KM solution design: A case study of Samsung Electronics", International Journal of Information Management, vol. 28, no. 5, pp. 433-437, 2008. DOI: crossref(new window)

J. Catalan, & R. Ramon-Munoz, "Marshall in Iberia. Industrial districts and leading firms in the creation of competitive advantage in fashion products", Enterprise and Society, vol. 14, no. 2, pp. 327-359. 2013. DOI: crossref(new window)

P. Koudal, & G. C. Coleman, "Coordinating operations to enhance innovation in the global corporation", Strategy & Leadership, vol 33, no. 4, pp. 20-32. 2005. DOI: crossref(new window)

Y. Suh, & M. S. Kim, "Internationally leading SMEs vs. internationalized SMEs: Evidence of success factors from South Korea", International Business Review, vol. 23, no. 1, pp. 115-129. 2014. DOI: crossref(new window)