Dynamic capabilities : on a developmental path from an approach towards a theory

An emerging concept of dynamic capabilities represents a relatively new and promising approach to explore strategic renewal, since it is characterized by an inherent focus on change. The field has been generating a significant and systematic growth of scholarly attention. Outcomes of that research effort confirm a substantial move forward on a developmental path of dynamic capabilities from a vague and obscure concept toward a cohesive paradigm. Nevertheless the concept is still under development and does not meet the criteria set for evaluating the objectives of a scientific theory. The study therefore aims to contribute to theory by presenting and discussing areas of convergence and divergence between existing approaches to conceptualization of dynamic capabilities