Approaches to measuring dynamic capabilities: Theoretical insights and the research agenda

There are a range of studies on Dynamic Capabilities (DC) even though the knowledge existing on their measuring/operational implementation remains incipient, with this shortcoming correspondingly identified in the literature. This study's core objective is to evaluate the empirical research carried out on DC, intending to identify and measure and suggest future study recommendations. Methodologically, the study incorporates a Systematic Literature Review (SLR) through a survey of the ISI/Web of Science database, which incorporated and analysed 31 articles out of a total of 137 published through to the end of 2017. The results point to three major dimensions to DC: i) Company performance; ii) Innovation performance; and iii) Human resource management. Our DC measurement model may be operationally implemented with its set of indicators and scales designed to provide support for future DC studies.

Automated summary

This study evaluates empirical research on Dynamic Capabilities (DC) and identifies three major dimensions: company performance, innovation performance, and human resource management. The study provides important support for future research by proposing a DC measurement model that can be operationalized with a set of indicators and scales.