Document Type : Research Paper
Authors
1
Business Management Department, Management and Accounting Faculty, Allameh Tabatabaei Universitym
2
Associate Prof., Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran
3
Faculty of Management & accounting, Allameh Tabataba’i University
4
business management department, management and accounting faculty, allameh university, Iran, Tehran associate professor
10.22059/jibm.2024.370633.4734
Abstract
Purpose: A main feature of today's business environment is the constant change and turbulence of the environmental factors in the business ecosystem, putting the survival and growth of the firms at risk. Dynamic capabilities refer to the ability of the businesses to adapt to market changes, developments in technologies, and changes in other factors in the ecosystem that impact the firm’s performance over time. These capabilities enable businesses to identify opportunities and threats, learn, innovate, and transform themselves to adapt to the environment, and expand their activity and operations, or the firm growth, in organic or non organic ways. However, the varied definitions and taxonomies of the concept of dynamic capabilities in the literature have resulted to confusion among academia and practitioners. Therefore, the main goal of this study is to identify the antecedents, processes, hierarchy of dynamic capabilities, and the outcomes of their deployment with an emphasis on the firm growth, and to provide a conceptual model of this framework.
Method: A qualitative research methodology was conducted based on the steps of the framework-based systematic literature review approach. The model used, including six steps and fourteen questions related to the steps were introduced, and they were practically implemented in the form of the research questions of this study. Web of Science and Scopus databases were examined to retrieve the articles for the period of 1997 to 2023, with a focus on the dynamic capabilities perspective, to identify the antecedents, processes, and outcomes of the deployment of dynamic capabilities in business firms. A total of 90 articles were chosen for qualitative analysis.
Findings: Analysis of the research findings and coding with the qualitative content analysis method led to the identification of 1011 primary codes, which were categorized in 44 sub-categories and 10 categories. According to the framework used in the systematic literature review, i.e. APO, the main categories were classified into antecedents, processes, and outcomes of the deployment of the dynamic capabilities.
Conclusion: The literature analysis led to the identification of two categories of internal antecedents at the individual and organizational levels, and the environmental antecedents comprising of the important factors in the business ecosystem impacting the firm. The capabilities portfolio of organization includes operational capabilities at the lowest level, followed by three levels of dynamic capabilities that form the micro-foundations, or mechanisms of the dynamic capabilities framework. At the lowest level of the dynamic capabilities hierarchy are the first-order dynamic capabilities such as strategic decision-making, new product development, and research and development. The second-order dynamic capabilities are the organizational learning, absorptive capacity and knowledge management process. At the higher level the sensing, seizing and transforming/ reconfiguration capabilities are located. In addition, the internal and external outcomes of deploying the dynamic capabilities including survival, superior performance of the firm, competitive advantage, and firm growth were identified.
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