Dynamic Managerial Capabilities

Dynamic managerial capabilities concepts are the capabilities that managers employ to create, extend, and modify the methods that help the company or an individual to earn a living. This paper is a list of various definitions, constructs and variables of the concept that can be used to create a conceptual framework. They include both those of individual and organizational levels.

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Constructs

There are three underpinnings that offer the ability to manage strategic change. These are:

Managerial cognition.

Managerial human capital.

Managerial social capital.

Definitions

There are various definitions that have been brought forward to explain the concept of dynamic managerial capabilities. These are as discussed below.

The capabilities that help individual or firm managers to construct, integrate, and reconfigure institutional or individual competences.

The capacity of individuals and firms to form, expand, or adjust the resource center in an individual or the firm.

The concept can further be expanded to suggest that they affect not only the internal characteristics of an institution but also its external setting.

Variables

Asset orchestration- Asset orchestration entails various sub-divisions of dynamic managerial capabilities variables. These are the quest for resources and capabilities, selecting them, investment, their utilization, and realignment.

The other variables of this concept have been separated from the micro foundations of dynamic potentials. These are the ability to:

Sense possible threats and opportunities in the organization or at an individual level.

Seize opportunities by selecting from the possible actions, investments made, and utilizing resources.

Reconfiguration and transformation of organizations and individuals taking into considerations their capabilities and resources.

Dynamic managerial potentials have significant characteristics that attribute capabilities in a more general manner. These capabilities are critical in entrepreneurship, both by an individual or an organization.

Reference list

BLYLER, M., & COFF, R. W. 2003. Dynamic capabilities, social capital, and rent appropriation: Ties that split pies. Strategic Management Journal, 24: 677-686.

DANNEELS, E. 2011. Trying to become a different type of company: Dynamic capability at Smith Corona. Strategic Management Journal, 32: 1-31.

DAVIDSSON, P., & HONIG, B. 2003. The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing, 18: 301-330.

HAMBRICK, D. C. 2007. The field of managements devotion to theory: Too much of a good thing? Academy of Management Journal, 50: 1346-1351.

KOR, Y. Y. 2003. Experience-based top management team competence and sustained growth. Organization Science, 14: 707-719.

MARITAN, C. A. 2001. Capital investment as investing in organizational capabilities: An empirically grounded pro-cess model. Academy of Management Journal, 44: 513-531