Dynamic capabilities-based strategy innovation: a new paradigm of growth for Chinese enterprises

Since the early 1960s, the academic field and practical field have been paying much more attention to theories of strategic management. Meanwhile, in recent years, people have regarded innovation as a major source of competitive advantage. The literature on innovation and innovation success is vast and covers numerous perspectives, levels of analysis and objectives. However, little is known about strategy innovation. Aimed at further deepening our understanding of a significant topic within this broad area namely, dynamic capabilities-based strategy innovation, in this paper, a theoretical framework of dynamic capabilities-based strategy innovation is put forward and analyzed empirically. Three observations underlie the motivations for this study.