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Towards an understanding of the nature of dynamic capabilities in high - velocity markets of China

机译：了解中国高速市场动态能力的本质

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摘要

Dynamic capabilities are arguably of more value in the internationalization process, particularly of multinational companies (MNCs) that operate in highly dynamic international markets. Yet there is a scarcity of research on the nature of dynamic capabilities in such highly relevant contexts. This exploratory study presents observations of dynamic capabilities of MNCs operating in ten tightly-defined high-velocity industries of China that shed light on the nature of the concept. The findings suggest that (1) dynamic capabilities of MNCs in high-velocity markets are analytic, strategically planned high-frequency processes and routines, (2) they are highly complicated, and (3) they rely extensively on combined knowledge derived from global and local knowledge. They are likely influenced by diverse sources of environmental velocity and the degree of the MNC's ownership advantages. The complexity and sophistication observed have led us to propose a way to conceptualize dynamic capabilities of MNCs in high-velocity markets.
机译：动态能力可以说在国际化过程中具有更大的价值，特别是在高度动态的国际市场中运营的跨国公司（MNC）。然而，在如此高度相关的环境中，缺乏关于动态能力本质的研究。这项探索性研究提出了对跨国公司在中国十个严格定义的高速行业中运作的动态能力的观察，这揭示了这一概念的本质。研究结果表明：（1）跨国公司在高速市场中的动态能力是经过分析，战略规划的高频程序和程序；（2）它们非常复杂；（3）它们广泛依赖于来自全球和全球市场的综合知识。当地知识。它们可能受到环境速度的各种来源和跨国公司所有权优势程度的影响。观察到的复杂性和复杂性使我们提出了一种在高速市场中概念化跨国公司动态能力的方法。

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