Abstract
This study examined the impact of dynamic capacities on the performance of food and beverage enterprises in Lagos, Nigeria. The following sub-variables (strategic decision-making capacity, product innovation capacity, strategic flexibility, competitive intensity, technological turbulence, and technological capability) were employed to represent the variable of dynamic capacity. Also, the following sub-variables (sales growth, enterprise survival, enterprise efficiency, and competitive advantage) were employed to represent the variable of enterprise performance. Primary data was used to achieve descriptive and inferential statistics, and the statistics is estimated by the PLS-SEM method which was calibrated on Lisrel 8.70 software. This study found that product innovation, competitive intensity and technological turbulence, technological capability and competitive intensity, and strategic flexibility are critical sub-variables in determining the robustness of dynamic capacities, as they adequately improve increasing sales growth, survival, and sustenance of enterprise into the unforeseeable future, efficiency of enterprise, and competitive advantage of food and beverage manufacturing enterprises, respectively, particularly in this trying period that is evidenced with technological change and competition, among others.
Highlights
Over the years, business enterprises have been witnessing an unparalleled and exceptional degree of transformation, conversion, intense and forceful competition, and tumultuous environment globally
Technological capability and competitive intensity are the dual variables that could improve the efficiency of enterprises
Strategic flexibility is the singular variable that could adequately improve the competitive advantage of food and beverage enterprises
Summary
Business enterprises have been witnessing an unparalleled and exceptional degree of transformation, conversion, intense and forceful competition, and tumultuous environment globally. Zhu et al (2013) and Dobbs and Hamilton (2007), noted that, enterprise networks are faced with many challenges and uncertainties in the competitive business environment and inauspicious circumstances in recent years. These have resulted in the challenges of superior and improved business performance
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