The Role of Dynamic Capabilities in Creating Product Innovations
https://doi.org/10.17747/2618-947X-2025-4-404-408
Abstract
This paper examines the importance of innovation in the development of new products as a means of increasing organizational competitiveness. It reviews the theoretical foundations of the resource- and capability-based view of the firm, with particular attention to the contemporary concept of dynamic capabilities. The paper identifies four key higher-level competencies – dynamic capabilities – that are used to analyze the impact of specific firm abilities on the effectiveness of product innovation: sensing capability, seizing capability, transformation capability, and entrepreneurial management capability. Based on this review, a general thesis and a theoretical model are proposed that may be applied in empirical research and further tested using real-world cases of product innovation.
About the Author
P. O. Semenov
Financial University under the Government of the Russian Federation (Moscow, Russia) , BСS Company LLC (Moscow, Russia)
Russian Federation
Russian Federation
Postgraduate student, Graduate School of Management, Financial University under the Government of the Russian Federation (Moscow, Russia); Head of Product Development, BCS World of Investments, BCS Company LLC (Moscow, Russia).
Research interests: strategic management, digital transformation, digital products management.
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Review
For citations:
Semenov P.O. The Role of Dynamic Capabilities in Creating Product Innovations. Strategic decisions and risk management. 2025;16(4):404-408. https://doi.org/10.17747/2618-947X-2025-4-404-408
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