Dynamic capabilities to achieve corporate sustainability: A roadmap to sustained competitive advantage
Article
Article Title | Dynamic capabilities to achieve corporate sustainability: A roadmap to sustained competitive advantage |
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ERA Journal ID | 41498 |
Article Category | Article |
Authors | Bari, Nadeem (Author), Chimhundu, Ranga (Author) and Chan, Ka-Ching (Author) |
Journal Title | Sustainability |
Journal Citation | 14 (3), pp. 1-28 |
Article Number | 1531 |
Number of Pages | 28 |
Year | 2022 |
Publisher | MDPI AG |
Place of Publication | Switzerland |
ISSN | 2071-1050 |
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. |
Keywords | Corporate; Drivers; Dynamic capabilities; Sustainability |
ANZSRC Field of Research 2020 | 350718. Strategy |
350605. Marketing management (incl. strategy and customer relations) | |
Byline Affiliations | School of Business |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q70zq/dynamic-capabilities-to-achieve-corporate-sustainability-a-roadmap-to-sustained-competitive-advantage
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