Abstract for: Radical innovations from a dynamic capabilities point of view - A Hybrid-Modeling Approach to Generate Pseudo-Empirical Data
Sustained competitive advantage is a major issue in the field of management research. A growing number of scholars utilize the Dynamic Capabilities View as a reason for over average performance and adaptability of a firm, especially to radical innovations that threaten a firm’s survival. Due to the abstract character of the concept, the nature and impact of dynamic capabilities is still vague and empirical evidence is rare. This paper presents a formal simulation model that builds on previous work on the accumulation of dynamic capabilities to explore the micro foundations of the concept. To generate pseudo empirical data, a mixed agent based and system dynamics modeling approach is devel-oped. Judging preliminary results further development of the method promises to be fruitful to understand of the micro foundations of dynamic capabilities.