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Entrepreneurship through the lens of dynamic managerial capabilities: a review of the literature

Published online by Cambridge University Press:  02 May 2022

Nycil George Open the ORCID record for Nycil George [Opens in a new window] ,
Amit Karna  and
Mukesh Sud
Nycil George*
Affiliation:
Indian Institute of Management Kozhikode, Kozhikode, Kerala 673570, India
Amit Karna
Affiliation:
Indian Institute of Management Ahmedabad, Ahmedabad, Gujarat 380015, India
Mukesh Sud
Affiliation:
Indian Institute of Management Ahmedabad, Ahmedabad, Gujarat 380015, India
*
*Corresponding author: E-mail: nycilg@iimk.ac.in
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Abstract

In a Schumpeterian economic model, dynamic capabilities (DC) help entrepreneurial firms create competitive advantages. However, advancing the construct of DC in entrepreneurship is hampered by the incompatibility of some key assumptions in entrepreneurial ventures. In this paper, we propose that dynamic managerial capabilities (DMC), which builds upon the DC perspective by drawing attention to the role of managers, is a better alternative in analyzing entrepreneurship research. We find support for our ideas in a systematic analysis of extant research. Our review highlights the evolution of DMC literature in entrepreneurship and traces its dominant intellectual structures. In concurrent analysis, we highlight the limitations of utilizing DC. Additionally, we shed new light on the emergence of organizational capabilities, and present new avenues for future research.

Keywords

Dynamic capabilitiesdynamic managerial capabilitiesentrepreneurshipreview
Type
Research Article
Information
Journal of Management & Organization , Volume 28 , Special Issue 3: Dynamic Capabilities: New Ideas , May 2022 , pp. 605 - 631
Copyright
Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2022

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