IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 9 NO. 7 2024
DOI: 10.56201/wjeds.v9.no7.2024.pg89.106

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Dynamic Capabilities and Entrepreneurial Success: A Theoretical Approach

Sholokwu, Boniface Monday

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Abstract

Entrepreneurial success, essential for economic growth, innovation, and societal transformation, faces challenges in dynamic and uncertain environments. This study explores the role of dynamic capabilities, sensing, seizing, and reconfiguring in driving competitive advantage and sustainable entrepreneurial outcomes. Grounded in the Resource-Based View (RBV) and dynamic capability theory, the research examines how these capabilities foster adaptability, innovation, and resilience in volatile markets. By integrating insights from literature and empirical findings, the study highlights the interplay between organizational structure, market conditions, and strategic adaptability. The results provide valuable implications for practitioners aiming to enhance strategic agility and scholars seeking to deepen understanding of the processes that support long- term entrepreneurial success.

keywords:

Dynamic capabilities, entrepreneurial success, sensing, seizing, resource

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