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The elephant in the room of dynamic capabilities: Bringing two diverging conversations together

Author

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  • Margaret Peteraf
  • Giada Di Stefano
  • Gianmario Verona

Abstract

A critical issue has been absent from the conversation on dynamic capabilities: the two seminal papers represent not only different but contradictory understandings of the construct's core elements. Here, we explore the reasons for this, using author cocitation analysis to inform our analysis. Our findings suggest that the field is being socially constructed on the basis of two separate domains of knowledge and that underlying structural impediments have impeded dialog across the domains. In light of this evidence, then, we take up the challenge to find a solution to this dilemma. By employing a contingency‐based approach, we show that there are ways to unify the field that rely, paradoxically, on integrating the two contradictory views, while still preserving the assumptions that led to their differences. Copyright © 2013 John Wiley & Sons, Ltd.

Suggested Citation

  • Margaret Peteraf & Giada Di Stefano & Gianmario Verona, 2013. "The elephant in the room of dynamic capabilities: Bringing two diverging conversations together," Strategic Management Journal, Wiley Blackwell, vol. 34(12), pages 1389-1410, December.
    • Handle: RePEc:bla:stratm:v:34:y:2013:i:12:p:1389-1410
    DOI: 10.1002/smj.2078
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    Cited by:

    1. Francisco Gustavo Bautista Carrillo & Daniel Arias-Aranda, 2025. "Technological Adoption Sequences and Sustainable Innovation Performance: A Longitudinal Analysis of Optimal Pathways," Sustainability, MDPI, vol. 17(13), pages 1-24, June.
    2. David Urbano & Sebastian Aparicio & Sohvi Heaton & Christopher Boudreaux, 2026. "The role of entrepreneurial education and autonomous culture in enhancing entrepreneurs’ dynamic capabilities: a global analysis of national effects," International Entrepreneurship and Management Journal, Springer, vol. 22(1), pages 1-30, March.
    3. Patrick Held & Tim Heubeck & Reinhard Meckl, 2026. "Boosting SMEs’ digital transformation: the role of dynamic capabilities in cultivating digital leadership and digital culture," Review of Managerial Science, Springer, vol. 20(5), pages 1687-1715, May.
    4. Ticiana Mont Alverne Parente Feijao & Rogeane Morais Ribeiro & Francisco Lucio Pontes Feijao, 2025. "The Contribution of Dynamic Capabilities to the Performance of SMEs in Highly Regulated Industries," International Journal of Business and Management, Canadian Center of Science and Education, vol. 20(5), pages 1-69, October.
    5. Lucas Gabriel De Paula Silveira & Eugênia Vale De Paula, 2026. "Dynamic capabilities erosion: a systematic review, integrative framework, and research agenda," Future Business Journal, Springer, vol. 12(1), pages 1-33, December.

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