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TERRA ECONOMICUS

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  • Developing indicators for assessing the dynamic capabilities of industrial enterprises

DEVELOPING INDICATORS FOR ASSESSING THE DYNAMIC CAPABILITIES OF INDUSTRIAL ENTERPRISES

TERRA ECONOMICUS, , Vol. 18 (no. 1),

The article deals with the dynamic capabilities viewed as a specific resource of the company, through which an organization achieves its competitive advantage. This advantage is achieved due to the effective combination and recombination of existing tangible and intangible resources. The second significant factor is the ability to quickly reconfigure the internal environment to adapt to rapidly changing external conditions. The authors focus on recent approaches to determine the role of dynamic capabilities within the strategic management framework. The authors identify the resource perspective, the process perspective, and the design perspective on dynamic capabilities. As the authors suggest, given the increasing scarcity of resources, dynamic capabilities become an essential source of competitive advantages. Unique organizational abilities make it possible to obtain economic rent in similar conditions. The study reveals that the crisis phenomena, including the 2008 global financial crisis, have triggered research interest in dynamic capabilities. As the research findings suggest, after 2008, the resource perspective usually dominates when studying the dynamic capabilities. A questionnaire is designed to assess the dynamic capabilities of business enterprises. The survey resulted in responses from 96 large, mediun and small businesses in high-technology sectors. In conclusion, criteria for assessing the dynamic capabilities of the economic activities of enterprises are identified.
Citation: Shevchenko, I. K., Razvadovskaya, Y. V., Kaplyuk, E. V., Rudneva, K. S. (2020). Developing indicators for assessing the dynamic capabilities of industrial enterprises. Terra Economicus, 18(1), 121–139. DOI: 10.18522/2073-6606-2020-18-1-121-139


Keywords: resources; dynamic capabilities; bibliometric analysis; process and resource approaches; questionnaire

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606