The definition,compositional dimensionalities,and features analysis of dynamic capabilities

Through reviewing extant literatures, this paper attempts to precisely define the definition,compositional dimensionalities,and features of dynamic capabilities by integrating entrepreneurship theory and organizational learning theory, etc.in order to promote further development of theoretical and empirical study of dynamic capabilities.This paper holds the view that dynamic capabilities can be defined as the abilities of an enterprise's key decision-makers to integrate purposefully and constantly the enterprise's resource base to respond to or even create a dynamic environment,and thus to obtain a series of short-term, sustainable competitive advantage; dynamic capabilities are composed of sensing shaping capability,learning absorbing capability,and integrating reconstructing capability Dynamic capabilities are higher-level capabilities,open generous,entrepreneurial innovative,with common characteristics personalities,cost-consumptive,and path-dependent.