Towards a better understanding of the interrelationship between dynamic capabilities and international Entrepreneurship
Towards a better understanding of the interrelationship between dynamic capabilities and international Entrepreneurship
The dynamic capabilities view (DCV) and international entrepreneurship perspective (IEP) are major, relatively recent advances in international business (IB), strategy, and entrepreneurship. Despite their different disciplinary backgrounds—DCV in evolutionary economics and the resource-based view and the IEP in entrepreneurship and marketing—they share many themes and ideas in common, which have only recently started being acknowledged. In this article, we explore the contribution of, and interrelationship between, the two approaches, their limitations and scope for further development. Key insights include that the DCV helps complement IEP in terms of its focus on value co-creation and the requisite reconfiguration of resources to help bring about value capture. In turn, IEP complements DCV in terms of its exploration of the nature of opportunities and the entrepreneurial capabilities to sense these, and in terms of providing supporting evidence about these capabilities.
Dynamic capabilities, Exploring and exploiting opportunities, International entrepreneurship, Microfoundations, Resource reconfiguration, Sensing and seizing opportunities
Pitelis, Christos
54c5bbee-a499-4671-8cd0-973f56e818de
Wang, Catherine l.
b43c422a-baf6-454d-9d08-b20dfdaa423e
Hughes, Mathew
caed43a0-5898-4f53-bd5d-fc9aefb3e3ac
Ambrosini, Véronique
0769e064-312d-47bd-bb0f-6ff2d5e7637e
1 March 2025
Pitelis, Christos
54c5bbee-a499-4671-8cd0-973f56e818de
Wang, Catherine l.
b43c422a-baf6-454d-9d08-b20dfdaa423e
Hughes, Mathew
caed43a0-5898-4f53-bd5d-fc9aefb3e3ac
Ambrosini, Véronique
0769e064-312d-47bd-bb0f-6ff2d5e7637e
Pitelis, Christos, Wang, Catherine l., Hughes, Mathew and Ambrosini, Véronique
(2025)
Towards a better understanding of the interrelationship between dynamic capabilities and international Entrepreneurship.
International Business Review, 34 (2), [102387].
(doi:10.1016/j.ibusrev.2024.102387).
Abstract
The dynamic capabilities view (DCV) and international entrepreneurship perspective (IEP) are major, relatively recent advances in international business (IB), strategy, and entrepreneurship. Despite their different disciplinary backgrounds—DCV in evolutionary economics and the resource-based view and the IEP in entrepreneurship and marketing—they share many themes and ideas in common, which have only recently started being acknowledged. In this article, we explore the contribution of, and interrelationship between, the two approaches, their limitations and scope for further development. Key insights include that the DCV helps complement IEP in terms of its focus on value co-creation and the requisite reconfiguration of resources to help bring about value capture. In turn, IEP complements DCV in terms of its exploration of the nature of opportunities and the entrepreneurial capabilities to sense these, and in terms of providing supporting evidence about these capabilities.
Text
DCs and IE IBR introductory paper 31 Dec 2024
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Restricted to Repository staff only until 10 January 2028.
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e-pub ahead of print date: 6 January 2025
Published date: 1 March 2025
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© 2025
Keywords:
Dynamic capabilities, Exploring and exploiting opportunities, International entrepreneurship, Microfoundations, Resource reconfiguration, Sensing and seizing opportunities
Identifiers
Local EPrints ID: 498285
URI: http://eprints.soton.ac.uk/id/eprint/498285
ISSN: 0969-5931
PURE UUID: 44342203-d938-4817-9e06-fc02bc26c1b3
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Date deposited: 13 Feb 2025 18:01
Last modified: 22 Aug 2025 02:46
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Contributors
Author:
Christos Pitelis
Author:
Catherine l. Wang
Author:
Mathew Hughes
Author:
Véronique Ambrosini
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