Research On The Dynamic Capabilities

According to the dynamic capabilities view, in today's turbulent environments, competitive advantage results from dynamic capacities to continuously improve, innovate, and reconfigure resources to shape new functional competencies that align with the environment. However, currently the dynamic capabilities theory still lies at an exploratory stage. Due to the abstract nature, as well as internal uncertainty of dynamic capabilities, it is difficult to guidance practice specifically. Therefore, it's meaningful to study on the dimensions of dynamic capabilities and test its contribution to the organizational performance.This study bases on the dynamic capabilities framework of Teece et al., and expands it into more specific content. Through theoretical analysis, literature research, qualitative research, this study determines the measuring dimensions of dynamic capabilities are market orientation, organization learning, integrative capabilities, organizational flexibility and risk prevention capability. They are hypothesized to influence organizational performance jointly. And environmental turbulence is proposed to moderate the effect of dynamic capabilities on performance.This study sets enterprises in Fujian Province as research targets. 262 samples are collected by using questionnaire as data collection tool. After the empirical study of these samples by factor analysis, structural equation model and so on, the results support the proposed structure of dynamic capabilities, and verify the role of dynamic capabilities on performance. The results also suggest that the effects of the dimensions of dynamic capabilities are different. Market orientation and organizational flexibility directly affect financial performance, while organization learning and integrative capabilities indirectly affect financial performance by enhancing non-financial performance. This suggests that in a rapidly changing environment, enterprises must not only focus on improving internal management capabilities, but also pay attention to the proactive perceiving and ruling of external environment, and maintaining organizational flexibility. The results support the moderating role of environmental turbulence, the higher the environmental turbulence, the greater contribution of dynamic capabilities to the performance. The results also suggest that, the dynamic capabilities are valuable even in the relatively stable environments. It extends the value of dynamic capabilities.This paper is a meaningful attempt to the research of dynamic capabilities from the abstract to the concrete. In theory, it enriches and expands the dynamic capabilities framework of Teece et al., also provides the proof of the role of dynamic capabilities on the background of a transitional economy country and enriches the experience research of the relationship between the dynamic capabilities and performance. In practice, this paper enables managers to understand and leverage dynamic capabilities to develop competencies that match changing environment, and it also offers strategic guidance for enterprises to change ways of thinking, and achieve sustainable development.