Springdal, Kent, Maljugin, Anton and Mador, Martha (2013) Evolution of dynamic capabilities in low velocity industries - a case study of European shipbuilding industry. In: British Academy of Management (BAM) Conference 2013: Managing to Make a Difference; 10-12 Sep 2013, Liverpool, U.K..

Abstract

This paper examines how dynamic capabilities have evolved in an industry which is moving from a relatively low velocity into moderately high velocity. Three ship building companies in Europe have been studied. This work has found that dynamic capabilities developed in stable environments lead to superior performance under conditions of environmental volatility; entrepreneurial behaviour on every managerial level is necessary in order to develop dynamic capacity and low-cost experimentations are one of the most effective methods to trigger dynamic capabilities.

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