Dynamic Capabilities: What are they and what are they for?

Abstract

The dynamic capabilities view (DCV) is cur- rently very influential in management scholarship (Cepeda and Vera, 2007; Di Stefano, Peteraf and Verona, 2014; Schilke, Hu and Helfat, 2018). The DCV dates back to a paper by Teece and Pisano (1994) and has become better known following the publication by Teece, Pisano and Shuen (1997) a few years later. While Teece’s original work had been circulating as an unpublished working paper for many years and had become well recognized and cited before its publication, it has since ex- ploded in interest to become one of the most cited yet in management scholarship (Kay and Pitelis, 2016).