The Dimension of Dynamic Capabilities and Their Impact on Innovation Performance: Second Thought on Teece's Definition

Abstract

Abstract:

In a dynamic competitive environment, dynamic capabilities are essential for firms to conduct innovation. However, agreement is not reached regarding the dimension of the theoretical construct of dynamic capabilities. Based on the connotation of dynamic capabilities defined by Teece school, this study divides dynamic capabilities into two dimensions from the perspective of integration capabilities, namely external integration-oriented opportunity-recognizing capability and internal integration-oriented opportunity-exploiting capability, and empirically tests the impacting mechanism of dynamic capabilities on innovation performance. The result shows that opportunity-exploiting capability has a significant positive impact on innovation performance, and plays some partially intermediary role on the relationship between opportunity-recognizing capability and innovation performance.

Key words: dynamic capabilities, opportunity-recognizing capability, opportunity-exploiting capability, innovation performance

Wu Hang. The Dimension of Dynamic Capabilities and Their Impact on Innovation Performance: Second Thought on Teece's Definition[J]. , 2016, 28(3): 76-83.

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