Dynamic managerial capabilities

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Abstract

Dynamic managerial capabilities are a form of dynamic capabilities. They are concerned with the role of managers in refreshing and transforming the resource base of the firm so that it maintains and develops its competitive advantage and performance. To do so, managers must develop entrepreneurial activities. These activities consist of sensing and seizing opportunities and transforming the resource base. While most studies focus on the role of top managers and CEOs, entrepreneurial activities can occur throughout the organization. Mid- and lower-level managers can also sense opportunities emanating from the market. Managerial human capital, managerial social capital, and managerial cognition are the three main antecedents to dynamic managerial capabilities.
Original languageEnglish
Title of host publicationOxford Research Encyclopedias
Subtitle of host publicationBusiness and Management
EditorsRamon J. Aldag
Place of PublicationOxford UK
PublisherOxford University Press
Number of pages18
Edition1st
ISBN (Electronic)9780190224851
DOIs
Publication statusPublished - Jun 2019

Keywords

  • dynamic managerial capabilities
  • dynamic capability framework
  • entrepreneurship
  • entrepreneurial action
  • managers

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