The Dynamic Capabilities Theory: Assessment and Evaluation as a Contributing Theory for Supply Chain Management

This paper focuses on the Dynamic Capabilities Theory in two main ways. The first relates to assessing the Dynamic Capabilities Theory based on Vos and Schiele’s (2014) assessment criteria. In doing so, it was found that the Dynamic Capabilities Theory is vibrant and widely studied, but lacks concrete definitional constructs. The second relates to elaborating on the contribution of the Dynamic Capabilities Theory in supply chain management. Specifically the focus was on discussing the theories contribution to four key decision making processes in supply chain management, namely; make or buy, sourcing, supplier strategy and contracting. The findings highlight the theoretical and practical contribution of the theory for all four decision points. Furthermore the findings highlight the potential of the theory in contributing to the field of supply chain management and the need for further theoretical and empirical research.