The role of dynamic capabilities in the early stages of internationalization
(A2025-126134)

AUTHORS

Bernardo Munoz Angosto, Universidad Complutense de Madrid; ROSARIO Cruz, Universidad de Sevilla; Jesus Garcia-Madariaga, Complutense University

ABSTRACT

This study seeks to investigate the theoretical underpinnings that drive scientific progress in addressing the challenges faced by SMEs in early stage in emerging markets during their internationalization journey, particularly within the context of a digitally interconnected global economy. The primary objective is to deeply examine the dynamic capabilities of international entrepreneurs, recognizing their pivotal role in optimizing resource utilization and prioritizing international returns. The widespread adoption of the Internet and advancements in information technologies have given rise to innovative business models and novel approaches to management. To pinpoint the most significant research areas, bibliometric and meta-analytical methods are employed using leading scientific databases. This approach helps identify key themes, prominent theories, and influential schools of thought in the field. The empirical component of the study focuses on Peruvian companies, gathering insights from 156 interviewees. The findings highlight the significant role of managerial dynamic capabilities in improving international performance. Data obtained from the interviews reveal a critical need for managers to cultivate soft skills and acquire specialized knowledge in international trade and business. Furthermore, the research emphasizes the importance of focused training during key phases of the internationalization process, illustrating how dynamic capabilities are crucial for ensuring business success.