BUILDING DYNAMIC CAPABILITIES – A FACTOR FOR SUSTAINABLE DEVELOPMENT OF THE FIRM
Purpose: In recent years, every firm is facing serious challenges related to the implementation of the principles of sustainable development, which requires a significant change in strategic behavior, strategic decisions and company actions.The aim of the study is to develop a practicable model of...
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| Format: | Article |
| Language: | English |
| Published: |
Trakia University
2021-12-01
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| Series: | Trakia Journal of Sciences |
| Subjects: | |
| Online Access: | http://tru.uni-sz.bg/tsj/Volume%2019,%202021,%20Number%204,%20Series%20Social%20Sciences/7_A.Marichova.pdf |
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| Summary: | Purpose: In recent years, every firm is facing serious challenges related to the implementation of the
principles of sustainable development, which requires a significant change in strategic behavior,
strategic decisions and company actions.The aim of the study is to develop a practicable model of
dynamic capabilities supporting the sustainable development of the firm, which includes recognizable,
understandable and measurable components for managers, and ensures the realization of competitive
advantages in the three dimensions (economic, environmental and social) and performance, taking into
account the dynamics of the environment.
Method: The study uses a method based on data collection through an online survey and statistical
analysis of dependencies in the model, using a correlation coefficient.
Results: The results of an empirical study conducted in 123 firms operating in different markets will
prove the interrelationships and dependencies in the developed model of dynamic capabilities,
supporting sustainability and their impact on the process of building competitive advantages.
Conclusions: The research and the conclusions made prove the necessity from building dynamic
capabilities, supporting the sustainable development of the firm, as a factor that ensures the realization
of competitive advantages in the three dimensions (economic, environmental and social) and
performance, taking into account the dynamics of the environment. |
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| ISSN: | 1313-3551 |