When do Dynamic Capabilities Lead to Competitive Advantage? The Importance of Strategic Fit

Journal of Management Studies - Tập 56 Số 4 - Trang 758-787 - 2019
Stav Fainshmidt1,2, Lucas Wenger2, Amir Pezeshkan3, Mark R. Mallon4
1Address for reprints: Stav Fainshmidt, Department of International Business, College of Business, Florida International University, Miami, FL 33174, USA
2Florida International University
3University of Baltimore
4Elon University

Tóm tắt

AbstractRecent studies suggest the relationship between dynamic capabilities and competitive advantage may be jointly affected by organizational and environmental factors. We enrich this nascent perspective by developing a configurational theoretical framework – underpinned by the mechanism of strategic fit – wherein dynamic capabilities lead to a competitive advantage when they support a strategic orientation appropriate for the levels of dynamism and munificence in the environment. Results of a fuzzy‐set Qualitative Comparative Analysis using primary data show that dynamic capabilities lead to a competitive advantage in dynamic, munificent environments by enabling the combination of differentiation and low‐cost orientations. In stable, non‐munificent environments, dynamic capabilities are effective in support of a low‐cost orientation. The central insight of this study is that the relationship between dynamic capabilities and competitive advantage is contingent upon the strategic fit between organizational and environmental factors, contributing to a more rigorous and configurational dynamic capabilities view.

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Journal of Management Studies

Tập 56 Số 4

758-787

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