Title: Learning, knowledge and dynamic capabilities: theoretical implications for competitiveness and innovation in the 21st century

Authors: Salvador Vivas-López; Marta Peris-Ortiz; Victor Oltra

Addresses: Department of Business Management, School of Economics, University of Valencia, Avd. dels Tarongers, s/n., 40022 Valencia, Spain ' Department of Business Organization, Universitat Politècnica de València, Camino de Vera s/n, Valencia 46022, Spain ' Department of Business Management, School of Economics, University of Valencia, Avd. dels Tarongers, s/n., 40022 Valencia, Spain

Abstract: The aim of this paper is to support dynamic capabilities as a strategic tool for company management. We will begin by illustrating the evolution that can be discerned in the process of developing competitive advantage as a result of the organisation's internal analysis. In a first stage, interest was centred on understanding the nature of the firm's assets, and knowing which conditions would make it possible to turn them into lasting and sustainable sources of competitive advantage. During a second phase, interest was shifted towards the dynamic processes of generation, development and accumulation of assets. In this sense, dynamic capabilities are those which allow managers to activate and redirect the complex framework of influential economic and organisational factors, thus helping control the company's evolution and enhancing the organisation's wealth of opportunity. Dynamic capabilities are therefore key factors in optimising innovation and the overall strategic course of the company's future.

Keywords: dynamic capabilities; innovation; knowledge-based view; KBV; knowledge management; organisational learning; resource-based view; RBV; strategic assets; competitiveness; strategic management.

DOI: 10.1504/IJIL.2013.056228

International Journal of Innovation and Learning, 2013 Vol.14 No.3/4, pp.259 - 270

Received: 08 May 2021
Accepted: 12 May 2021

Published online: 15 Aug 2013 *

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