Abstract
The concept of dynamic capabilities has gained significant interest ever since its introduction to the strategic management field in the late 90’s. Nevertheless, a lack of research concerning the distinctive values of capabilities still exists. Moreover, empirical research that compares various dynamic capabilities under different levels of dynamism is equally lacking. Therefore, we have conducted a large empirical analysis of 299 randomly chosen German firms and thus contribute to remedying that lack of research. The results show that if external dynamism is considered dynamic capabilities have an ambivalent effect on firm performance depending on the studied capability. Interestingly, dynamic marketing capabilities prove to have a positive performance effect, whereas dynamic research and development capabilities hamper the firms’ competitive advantage.
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