From Dynamic Capabilities to Growth of the Firms

Technical Notes on Helfat and Winter (2011)

Abstract

This technical note tackles to put ill-ordered research stream about Dynamic Capabilities (DC) to right. From research review, we could see theories on DC are now in confusion, and some weighty counters are attacking prior study of DC (e.g., Teece’s ideas). In this paper, Helfat and Winter (2011) is commented. Furthermore, this paper points out that Helfat and Winter’s research closely resemble Penrose’s idea about the growth of the firms. If we try to understand DC theory from Penrose’s idea, we will learn about DC more easily.