The Role of Dynamic Capabilities Concept in SME’s Business Performance
Keywords:
Dynamic capability, Management Aptitudes and business performanceAbstract
The idea of dynamic capabilities with its management correlation primarily came to prominence within the paper by” (Teece, et al. 1997) as a theory to gauge organizational ability to form and attain sustainable competitive advantage. It further explained on how organizational potency is sought-after by taking a resource based view perspective with a “focus on methods for exploiting existing firm-specific assets as projected within the resource based view of the firm (RBV) Since the first broad definition of dynamic capability concept and its role in SME,s industry, sequent authors have posed different definitions because the idea of dynamic capability has evolved upon attracting substantial educational interest and thought. This research aimed at Management and Dynamic Capability Concept, Management Aptitudes and Business Performance. 200 questionnaires were disseminated to Aba city Abia State Nigeria. Responses analyzed with smart-PLS due to complexity of the survey, determining dynamic capability role, Management Aptitudes correlation and how it can foster business performance. Model description was used extensively; findings were reached with a significant result constructed.
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