Dynamic Capabilities to Achieve Corporate Sustainability: A Roadmap to Sustained Competitive Advantage

Article


Bari, Nadeem, Chimhundu, Ranga and Chan, Ka-Ching. 2022. "Dynamic Capabilities to Achieve Corporate Sustainability: A Roadmap to Sustained Competitive Advantage." Sustainability. 14 (3), pp. 1-28. https://doi.org/10.3390/su14031531
Article Title

Dynamic Capabilities to Achieve Corporate Sustainability: A Roadmap to Sustained Competitive Advantage

ERA Journal ID41498
Article CategoryArticle
AuthorsBari, Nadeem (Author), Chimhundu, Ranga (Author) and Chan, Ka-Ching (Author)
Journal TitleSustainability
Journal Citation14 (3), pp. 1-28
Article Number1531
Number of Pages28
Year2022
PublisherMDPI AG
Place of PublicationSwitzerland
ISSN2071-1050
Digital Object Identifier (DOI)https://doi.org/10.3390/su14031531
Web Address (URL)https://www.mdpi.com/2071-1050/14/3/1531
Abstract

Dynamic capabilities and sustainability practices have become the center of attention for companies globally, but there is still a debate on how organizations can successfully develop dynamic capabilities and achieve sustainability for competitive advantage. This paper discusses the outcomes of a comprehensive systematic literature review (SLR) following the PRISMA guidelines and employs dynamic capabilities theory to suggest that strategic routines and competencies, integrated value chains, sustainability-oriented transformations, and strategic organizational developments are the drivers to effectively develop dynamic capabilities. Similarly, environmental-oriented sustainability, sustainable strategic management, sustainable dynamic capabilities, stakeholdercentric approach, sustainable supply chain management, operational excellence, sustainable research and development (R&D), and sustainability-oriented global business strategy are found to be the drivers to achieve overall corporate sustainability. Based on the findings, a conceptual model is proposed to obtain sustained competitive advantage by developing sustainable dynamic capabilities and achieving corporate sustainability.

KeywordsCorporate; Drivers; Dynamic capabilities; Sustainability
ANZSRC Field of Research 2020350718. Strategy
350605. Marketing management (incl. strategy and customer relations)
Byline AffiliationsSchool of Business
Institution of OriginUniversity of Southern Queensland
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