The effects of dynamic capabilities on new product development performance: Implications for different forms of business strategies

The effects of dynamic capabilities on new product development performance: Implications for different forms of business strategies The present study aims to investigate the effects of dynamic capabilities on new product development performance. These effects are investigated separately for three dimensions of dynamic capabilities (sensing, seizing, and reconfiguring) and for different business strategies (prospector, analyzer and defender). Empirical evidence was obtained from 203 companies operating in different sectors in nine countries. The distribution of companies with respect to countries is as follows: Turkey (49), Denmark (26), the Netherlands (46), Finland (13), Australia (19), Norway (8), Spain (18), Portugal (11) and Slovakia (13). The findings revealed that sensing capabilities not only had significant effects on new product development performance for prospectors but unexpectedly for analyzers and defenders as well. Furthermore, seizing capabilities was a significant driver of performance for both prospectors and analyzers. Reconfiguring capabilities was identified as a significant driver of performance only for analyzers. The findings are discussed along with theoretical and managerial implications.