Dynamic capabilities vs. innovation capability: are they related?
Journal of Small Business and Enterprise Development
ISSN: 1462-6004
Article publication date: 12 August 2014
Abstract
Purpose
The purpose of this paper is to provide insights into the relationship between dynamic capabilities and innovation capabilities. It links dynamic capability with innovation capability and indicates the ways they can be related.
Design/methodology/approach
The relationships between dynamic and innovation capability were investigated through a systematic literature review.
Findings
The review indicates that common characteristics exist between of the both fields, which demonstrate six relationships. Additionally, findings show some inconsistencies and even contradictions.
Originality/value
In this paper, the authors have compared dynamic capabilities, a relatively new approach in the field of strategic management, with innovation capabilities, a widely recognised crucial domain for sustained competitiveness. Since both areas address issues that are essential to today's environment, future research should seek to clarify both concepts, by undertaking some new research and developing comprehensive and unambiguous framework.
Keywords
Acknowledgements
This paper has been supported by the Walker Center for Global Entrepreneurship at Thunderbird School of Global Management, USA, and by the EU, European Social Fund and the Republic of Slovenia, Ministry of Higher Education, Science and Technology.
Citation
Breznik, L. and D. Hisrich, R. (2014), "Dynamic capabilities vs. innovation capability: are they related?", Journal of Small Business and Enterprise Development, Vol. 21 No. 3, pp. 368-384. https://doi.org/10.1108/JSBED-02-2014-0018
Publisher
:Emerald Group Publishing Limited
Copyright © 2014, Emerald Group Publishing Limited