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Dynamic Capabilities in SMEs: The Integration of External Competencies
Vlatka Skokic, Marko Coh, Marko Torkkeli
Pages - 54 - 70     |    Revised - 31-08-2015     |    Published - 30-09-2015
Volume - 6   Issue - 3    |    Publication Date - September / October 2015  Table of Contents
Dynamic Capabilities, SMEs, Relationship Capability, External Competencies, External Environment.
In spite of substantial body of theoretical and conceptual contributions, empirical evidence of nature of dynamic capabilities and their influence on firm performance is still relatively scarce. We present review of empirical studies of well-known processes that highlight constituting elements of dynamic capabilities, and conclude that relatively little research has been conducted to address managerial practices and processes employed to integrate external competencies. We propose concept of ‘relationship capability’, that denotes integrative dynamic capability constituted of managerial practices and processes that are employed in SMEs, first, to sense and interpret firm’s environment, second, to reconfigure internal organizational processes to integrate external competencies in the firm and third, to develop specialized offerings based on platforms.
CITED BY (7)  
1 MÃ¥nsson, F., & Linhart, N. (2021). Avoiding the Service Paradox: A Capability-Based Framework for Sustained Financial Performance in Triadic Service Ecosystems.
2 Kabiru, D. N. (2021). Influence of Dynamic Innovation Capabilities on Competitive Advantage at State Bank of Mauritius, in Kenya (Doctoral dissertation, United States International University-Africa).
3 Muiruri, Z. K. (2020). Strategic Business Services and Performance of Firms Sponsored By University Business Incubators in Kenya (Doctoral dissertation, JKUAT-COHRED).
4 Abdullateef, T. A. (2019). A contextual design artefact for the dynamic capabilities of SMEs in Nigeria: a critical realist study (Doctoral dissertation).
5 Kiarie, T. W. (2019). Dynamic Capabilities, Organization Culture And Performance Of The State Bank Of Mauritius, Kenya (Doctoral dissertation, University of Nairobi).
6 Miller, M. Y. (2017). The Impact of National Cultural Orientations on Individual Absorptive Capacity in Maryland SMEs.
7 Herstad, Å. S. (2016). Development of dynamic capabilities. A multiple case study of small and medium-sized enterprises (Masters thesis).
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Dr. Vlatka Skokic
University of Surrey - United Kingdom
Dr. Marko Coh
Maxxim Consulting London, W1F 7JW, UK - United Kingdom
Dr. Marko Torkkeli
School of Business and Management Lappeenranta University of Technology P.O.Box 20, FI-53851, Lappeenranta, Finland - Finland

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