Dynamic capabilities: Contributions and trends

Abstract

The Dynamic Capabilities Approach constitutes an alternative analysis within the disciplinary area of strategic management. The review of seminal authors allows exposing its components and application contexts. This approach allows proposing an ordered theoretical framework to be applied in high volatility environments like the current ones. Companies generate capabilities that allow them responding quickly to market requirements, adapting to technological changes and operating in an unpredictable future. When organizations develop dynamic capabilities, they adapt and reconfigure resources and capabilities to meet the demands of the environment.