TITLE:
Evolution of Dynamic Capabilities in Crisis Management System: A Proposition from the Cases of Multinationals from NIEs
AUTHORS:
Jaeho Lee, Jim Slater
KEYWORDS:
Dynamic Capabilities, Resource-Based View (RBV), Market Dynamics, Crisis Management System
JOURNAL NAME:
Open Journal of Business and Management,
Vol.10 No.3,
May
26,
2022
ABSTRACT: This paper aims to suggest a theoretical
proposition that connects market dynamics and dynamic capabilities via an
organizational internal management system: crisis generation mode. In order to
do this, we discuss the concept of dynamic capabilities in terms of differences
with resource-based view (RBV), extend our discussion in a manner that
identifies hierarchical and differential dimensions of dynamic capabilities and
expound an account of how intentionally created internal crisis management
system acts a moderator between market dynamics and dynamic
capabilities. Our proposition started from the observation of some cases of
multinationals in newly industrializing economies (NIEs) and can be examined by
more in-depth case studies afterwards.