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The Evolution of the Dynamic Capabilities Framework

In: Artificiality and Sustainability in Entrepreneurship

Author

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  • David J. Teece

    (Institute for Business Innovation, Haas School of Business, University of California)

Abstract

The chapter sketches the past, present, and potential future of the dynamic capabilities framework. This essay is more by way of a personal reflection on the progress that has been made to date and the work remaining to be done. The dynamic capabilities framework has proved fertile ground for research and there is no evidence its momentum is slowing. In addition, I see the framework having numerous potential applications, several of which I have addressed in my own writing: (1) dynamic capabilities can serve as an overarching paradigm for teaching in business schools; (2) dynamic capabilities can potentially be built into a theory of the firm; and (3) dynamic capabilities is a policy tool for industrializing economies to help them understand the difference between accumulation and assimilation. Finally, innovation, including digital transformation, corporate entrepreneurship, and organizational behavior also contribute to the theoretical soundness of the dynamic capabilities framework.

Suggested Citation

  • David J. Teece, 2023. "The Evolution of the Dynamic Capabilities Framework," FGF Studies in Small Business and Entrepreneurship, in: Richard Adams & Dietmar Grichnik & Asta Pundziene & Christine Volkmann (ed.), Artificiality and Sustainability in Entrepreneurship, pages 113-129, Springer.
    • Handle: RePEc:spr:fgfchp:978-3-031-11371-0_6
    DOI: 10.1007/978-3-031-11371-0_6
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    Cited by:

    1. Hosanoo, Zuberia & Patel, Parth & Prikshat, Verma & Kanungo, Rama Prasad & Gupta, Surkasha, 2024. "Focal firms and interorganisational relationships in small economies: Towards a multi-level theoretical framework for enhancing value co-creation and performance," Journal of International Management, Elsevier, vol. 30(3).
    2. Maribel Guerrero & Matthias Menter, 2024. "Driving change in higher education: the role of dynamic capabilities in strengthening universities’ third mission," Small Business Economics, Springer, vol. 63(3), pages 1321-1337, October.

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