The process of developing dynamic capabilities: The conceptualization attempt and the results of empirical studies

Abstract

While most researchers interested in the concept of dynamic capabilities focus their attention on analyzing how companies transform their resources to compete in their environment, the process of developing dynamic capabilities is treated as a marginal issue. Although the literature suggests various approaches to developing dynamic capabilities, they are formulated in general terms, and doubts can be raised about the links between actions. There is also a lack of empirical research indicating the links between activities in the process of developing dynamic capabilities and their influence on the effectiveness of an organization. The aim of the study is to formulate a proposal for a model of the process of developing dynamic capabilities aimed at increasing the economic effectiveness of a company and to determine the links between the activities in the model. The theoretical contribution of the paper consists in presenting a model of the process of developing dynamic capabilities aimed at increasing the economic effectiveness of the company. The results presented in the paper refer to an empirical examination of the model of developing dynamic capabilities, covering five activities: searching for opportunities; knowledge management and learning; coordination; configuration and reconfiguration; and organizational adaptation. The study also includes an examination of the possible impact the components of the dynamic capabilities building process have on a company’s performance. The study uses the survey method and data was obtained from top managers. The conclusion, based on data from 471 Polish companies, was made using structural equation modelling. The results of the empirical research suggest that the individual activities in the process of developing dynamic capabilities are interconnected, and through mutual interactions and couplings, they positively affect the economic effectiveness of an enterprise. The results indicate that searching for opportunities is the precursor, and the main factor influencing the other activities in the process, which suggests that managers should focus on improving activities in this area.

Dynamic Capabilities of Start-Ups

“…We have little information on the development of dynamic capabilities [Farkas, 2022a]; [Cyfert et al 2021], but it usually starts with the appearance of an external stimulus [Farkas, 2022b], where established businesses mainly use their own abundant resources for development, while startups often look for external resources to minimize their losses [Hattore et al 2021]; [Slaouti 2021]; [Ma et al, 2015]. A significant part of the development process can be outsourced, even, so that most of the internal resources can be focused on the development of the main activity [Ma et al, 2015].…”

The Uncertainty Factor in the Market Economic System: The Microeconomic Aspect of Sustainable Development

“…Moreover, the study of the sustainable development parameters as priority strategic goals in the context of Industry 4.0 is carried out in the works by Abazov (2021), Arefieva et al (2021), Boiko et al (2019), Bogachov et al (2020, Borychowski et al (2020), Chygryn et al (2020), Cyfert et al (2021), Czyżewski et al (2019Czyżewski et al ( , 2020, Dalevska (2013), Dalevska et al (2019), Dementyev (2013, 2015, Dementyev & Scherbakov (2017), Dementyev & Kwilinski (2020), Dementyev et al (2021), Dzwigol (2019a, 2019b, 2020c2021a;2021b;2021c), Dzwigol & Dźwigoł-Barosz (2018a;, Dzwigol et al (2019aDzwigol et al ( , 2019bDzwigol et al ( , 2019c, Gorynia (2019), Gorynia et al (2019), Kaźmierczyk & Chinalska (2018), Kharazishvili et al (2020Kharazishvili et al ( , 2021aKharazishvili et al ( , 2021b, Khrapkina (2021), Koibichuk et al (2021), Kondratenko et al (2020), Kwilinski (2018aKwilinski ( , 2018b, Kwilinski et al (2019aKwilinski et al ( , 2019bKwilinski et al ( , 2019cKwilinski et al ( , 2019d…”

Metatheoretical Issues of the Evolution of the International Political Economy

“…Despite the scientific value of elaborating the methodological problems of world economic system evolution (Amin 1996;Cotula 2012;Cyfert et al 2021;Dalevska et al 2019;Dossani and Kenney 2007;Dasgupta et al 2021;De Bièvre and van Ommeren 2021;Dzwigol 2021;Galiani et al 2019;Garrett 2006;Geels 2005;Elbahnasawy and Ellis 2022;Elbe and Long 2020;Fuchs 2007;Gilpin 1987;Graham and Tucker 2019;Graz et al 2020;Hussain et al 2020Hussain et al , 2021Huang 2010;Fossung et al 2021;Keohane and Nye 1977;Kharazishvili et al 2020Kharazishvili et al , 2021aKharazishvili et al , 2021bKravchenko 2019;Kurowska-Pysz and Szczepa ńska-Woszczyna 2017;Kuzior et al 2020;Las Heras 2018;Levitt 1983;Marlin-Bennett and Johnson 2021;Medeiros 2021;McNally 2012;Nunn and Shields 2022;Paterson 2021;Postlewaite and Schmeidler 1986;Shkodina et al 2020;Simmons and Zachary 2004;Smith and White 1992;Smirnova et al 2021;Stiglitz 2002;…”