Dynamic Capabilities View: Foundations and Research Agenda

The evolution of scholarly thought on the sources of firm-specific advantage has had a relatively long history. A contemporary view of how competitive advantage is sustained in dynamic markets is offered by the dynamic capabilities (DC) view. The DC view is treated as an offshoot of the resource-based view. Based on a review of the empirical and conceptual works that have utilized the DC view, the paper articulates the merits of this theoretical...