A managerial perspective of dynamic capabilities in emerging markets: The case of the Russian steel industry

The paper critiques current thinking in the area of dynamic capabilities, exploring and challenging previous research on Dynamic Capabilities (DC) utilizing an application and empirical research within the Russian steel industry. Multiple sources of evidence arising from an in-depth study over a period of three years are deployed including semi-structured interviews with senior managers, as well as internal management reports, and other documentary evidence. The research concludes that practitioners need not choose between either routine-building on the one hand, or radical renewal on the other, but must recognize that dynamisms typically derive from the establishment of respective internal processes, followed by rapid-decision making.