Dynamic Capabilities, Talent Development and Firm Performance
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Date
2012Author
Gathungu, James M.
Mwangi, Julius K.
Type
OtherLanguage
enMetadata
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All firms aim at high performance which leads to high profits and sustainable
competitive advantage. However all firms face a challenge on how to create
sustainable competitive advantage especially on the rapid changing environment.
This conceptual study paper hence looks at the dynamic capabilities which have
been identified to assist firms in creating and sustaining competitiveness in the ever
changing environment. Specifically the paper looks at the nature of the sensing,
seizing, transforming and managerial dynamic capabilities and how their
interconnection influence firm performance. The study is anchored on the dynamic
capability theory. The main objectives of the study are to understand how
interconnectivity of various clusters of dynamic capabilities influences firm
performance. The paper also looks at the role of dynamism in talent development.
This conceptual study paper looks at the paradigm shifts in the area of sustainable
competitive advantage from resource based view, knowledge based view and
dynamic capability view. The paper identifies a number of knowledge and research
gaps in relation to performance by reviewing previous scholarly work in the study
area. A conceptual model attempting to address the identified gaps is development
and highlights the relationship among various clusters of dynamic capabilities and
their influence to each other and to performance. The study views dynamic
capabilities as an emerging paradigm of the modern business firm that propels
sustainable high performance in rapidly changing environment.
Citation
DBA Africa Management Review 2012, Vol 2 No 3, pp 83-100Description
Dynamic Capabilities, Talent Development and Firm Performance