Dynamic Capabilities and Innovation to Deal with the Impacts of Covid-19
DOI:
https://doi.org/10.5020/2318-0722.2022.28.Esp.e12350Keywords:
Dynamic Capacity, Innovation, Crisis, Scenario, Covid-19Abstract
Objective: to assess the extent to which dynamic and innovative capabilities contribute to companies facing turbulent crisis scenarios such as the covid-19 pandemic. Methods: the research is characterized by a quantitative approach through an online survey and analysis by structural equation modeling (SEM). The study sample consisted of 166 companies. Results: The results showed that in the face of crisis environments (unexpected situations), companies with dynamic capabilities could deal more effectively with impacts in the face of crisis. On the other hand, but less significantly (p<0.10), innovation presents itself as a context of risk enhanced by crisis scenarios. Conclusions: The article theoretically contributes to the relationship between the themes of dynamic capacity, innovation, and impacts of the crisis, through a structural model, in the context of the pandemic generated by covid-19. From a managerial and practical perspective, the research highlights the importance of developing dynamic capabilities to face crises, as well as innovation, in the sense of being ready to face difficult scenarios, showing that companies with developed dynamic capabilities were able to face the crisis more satisfactorily. Finally, through factor analysis in a methodological way, the research refines the relationship between relevant themes (dynamic capacity and innovation) given the empirical-contextual axis (covid-19 crisis).
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