Dynamic capabilities are those capabilities that characterize the firm’s potential to systematically solve problems, formed by its propensity to sense opportunities and threats, to make timely and market-oriented decisions, and change its resource base.
The purpose of this Master’s Thesis is to study dynamic capabilities in the context of exports and identify the how an exporting firm may be able to develop the capabilities to compete in dynamic market environments.
The data for this study was collected by conducting a literature review of academic articles. These academic articles were empirical studies on the subjects of resources, capabilities, dynamic capabilities, routines and exporting. The discussion and analysis of the academic articles followed an induction approach. Conclusions were drawn from the analysis and discussion of a select group of peer reviewed empirical studies on the subjects of resources, capabilities and dynamic capabilities in exporting/internationalization.
The findings show that the capabilities that enable dynamism in an exporting firm are a combination of the absorptive capabilities of exploration and exploitation and the export firm’s management’s entrepreneurial orientation. The export firm management’s entrepreneurial capacity, particularly the ability to sense and interpret opportunities in foreign markets and the ability to align and re-align internal resources to capitalize on those opportunities. The export firm management’s entrepreneurial capacity is essential as a guiding and supervisory capability that drives the use and development of export capabilities and facilitates the dynamism of the export firm through the creation, development and use of absorptive capabilities. The findings explain how routines are fundamental to export firms’ growth and development, and how routines enable the export firm sustain competitiveness in dynamic market environments over time. The study reveals a gap in the research of organizational routines in exporting.
Based on these findings the study draws some managerial and theoretical implications and recommends extending the study by conducting an empirical investigation. Due to the significance of routines, further research into the role of routines in dynamic capabilities in the context of exporting is also recommended.
| Identifer | oai:union.ndltd.org:oulo.fi/oai:oulu.fi:nbnfioulu-201601141034 |
| Date | 18 January 2016 |
| Creators | Seyayi, S. (Stephen) |
| Publisher | University of Oulu |
| Source Sets | University of Oulu |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis, info:eu-repo/semantics/publishedVersion |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess, © Stephen Seyayi, 2016 |
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