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Economy & Business, Volume 8, 2014

Vipin Gupta
Pages: 1187-1203
Published: 23 Sep 2014
Views: 1796
Downloads: 726
Abstract: In this paper, we identify three emerging schools of dynamic capability development: process (Ambrosini, Bowman & Collier, 2009; Helfat et al, 2007), structural (Felin et al, 2012), and behavioral. We discuss essential features of these different schools. We also identify three sub-schools of the behavioral school: based on their emphasis on the role of cognitions or mental maps (e.g. Eesley and Roberts, 2010), of emotions and emotional capability (e.g. Huy, 2012), and of relations and social networks (e.g. Jones, Macpherson & Jayawarna, 2011). Finally, we propose a contingency model of dynamic capabilities and firm performance.
Keywords: dynamic capability, dynamic capability development, micro-foundations, cognitions, emotional capability, relations, social networks
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