The dynamic capabilities (hereafter DCs) approach has emerged as one of the most important approaches to explain competitive advantages of firms. Previous studies suggest that DCs are the result of co-evolution of internal and external forces. The aim of this paper is to contribute to the debate by not only considering dynamism in the environment but also other environmental characteristics.
van Uden, A.; Knoben, J.; Vermeulen, P. Making Sense of Industry Characteristics as Drivers of Dynamic Capabilities. 30 pp.