Interrelation between sustainable dynamic capabilities, corporate sustainability, and sustained competitive advantage
Article
Article Title | Interrelation between sustainable dynamic capabilities, corporate sustainability, and sustained competitive advantage |
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ERA Journal ID | 41498 |
Article Category | Article |
Authors | Bari, Nadeem, Chimhundu, Ranga and Chan, Ka Ching |
Journal Title | Sustainability |
Journal Citation | 16 (7), p. 2864 |
Article Number | 2864 |
Number of Pages | 31 |
Year | 2024 |
Publisher | MDPI AG |
Place of Publication | Switzerland |
ISSN | 2071-1050 |
Digital Object Identifier (DOI) | https://doi.org/10.3390/su16072864 |
Web Address (URL) | https://www.mdpi.com/journal/sustainability |
Abstract | Achieving sustained competitive advantage in the current business landscape has become an important challenge for both the service and manufacturing sectors. Based on the thematic analysis of the empirical data from expert interviews of 46 professionals from Australia and Pakistan, this study puts forward a framework to achieve sustained competitive advantage. The research employs a dynamic capability (DC) theory lens and creates a foundation for the “sustainable dynamic capabilities” concept for future research. The findings affirm that (1) sustainable dynamic capabilities lead to sustained competitive advantage, (2) sustainable dynamic capabilities lead to corporate sustainability, (3) corporate sustainability leads to sustainable dynamic capabilities, and (4) corporate sustainability acts as a mediator between sustainable dynamic capabilities and sustained competitive advantage. By utilising the proposed framework, practitioners can clearly define their strategies to achieve competitive advantage by implementing sustainability practices. The findings of this research clearly pinpoint the interrelationship between sustainability practices and sustained competitive advantage, and sustainability should be taken as a dynamic capability itself, opening up new avenues for future research. |
Keywords | sustainability; dynamic capabilities; corporate sustainability; competitive advantage. |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 350799. Strategy, management and organisational behaviour not elsewhere classified |
350605. Marketing management (incl. strategy and customer relations) | |
350799. Strategy, management and organisational behaviour not elsewhere classified |
https://research.usq.edu.au/item/z7q3w/interrelation-between-sustainable-dynamic-capabilities-corporate-sustainability-and-sustained-competitive-advantage
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