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Exploratory research on the dynamic capabilities of leading firms: Research framework building
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 Title & Authors
Exploratory research on the dynamic capabilities of leading firms: Research framework building
Paek, Byung-Joo; Lee, Hee-Sang;
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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;
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