The Historical Evolution of Dynamic Capabilities: From Resource Reconfiguration to Strategic Orchestration
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Dynamic capabilities (DCs) have evolved from a theory focused on resource reconfiguration into a broader framework for understanding how organizations navigate uncertainty, orchestrate ecosystems, and shape competitive environments.
A new article by Matteo Cristofaro, Pier Luigi Giardino, and David Teece traces this evolution through a review of 140 influential publications spanning from 1997 to 2026. The authors identify five distinct phases in the development of the field and introduce a compelling reconceptualization of DCs.
The article discusses artificial intelligence, ecosystem governance, resilience, and foresight, highlighting how competitive advantage increasingly depends on adapting to change and helping shape the future.
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