JEFMS Journal

ABSTRACT:

Enterprises are now facing fierce competition under the pressure of global economic integration. For sustainable development, businesses must improve their competitiveness. In that context, identifying, nurturing, and developing resources to increase competitiveness is an urgent requirement of enterprises. The article focuses on determining factors affecting dynamic competitiveness. Empirical research in the field of tourism has shown that absorptive capacity, adaptive capacity, creative capacity, connectivity capacity, cognitive capacity, and market orientation are the basic components of tourism competence dynamic competition. The article suggests implications for building and improving the dynamic competitiveness of enterprises.

KEYWORDS:

competition, tourism, dynamic capacity, resources.

REFERENCES:

1) Adobor, H. (2006). Inter-firm collaboration: Configurations and dynamics. Competitiveness Review, 16 (2), 122-134.

2) Ambrosini, V. & Bowman, C. (2009), ‘What are dynamic capabilities and are they a useful construct in strategic management?’, International Journal of Management Review, 11 (1), 29-49.

3) Barney, J.B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17 (1), 99-120.

4) Barney, J.B. (2001a). Is the resource-based ‘view’ a useful perspective for strategic management research? Yes. Academy of Management Review, 26 (1), 41-56.

5) Barney, J.B. (2001b). Resource-based theories of competitive advantage: a ten-year retrospective on the resource based view. Journal of Management, 27 (6), 643-650.

6) Barney, J.B., Wright, M. & Ketchen, D.Jr. (2001). The resource-based view of the firm: ten years after 1991. Journal of Management, 27 (6), 625-641.

7) Barreto, I. (2010). Dynamic capabilities: A review of past research and an agenda for the future. Journal of Management, 36 (1), 256-280.

8) Buckley, P.J., Pass, C.L. & Prescott, K. (1988). Measure of international competition: A critical survey. Journal of Marketing Management, 4 (2), 175-200.

9) Cohen, M.D. & Levinthal, D.A (1990). Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly, 35 (1), 128-152.

10) Collis, D.J (1994). Research note: how valuable are organizational capabilities?. Strategic Management Journal, 15 (S1), 143-152.

11) Day, G.S. (1994). The capabilities of market-driven organizations. Journal of Marketing, 58 (4), 37-53.

12) Deshpandé, R., Farley, J.U. & Webster Jr., F.E. (1993). Corporate culture, customer orientation, and innovativeness in Japanese firms: A quadrad analysis. Journal of Marketing, 57 (1), 23-37.

13) Eisenhart, K.M. & Martin, J.A. (2000). Dynamic capabilities: What are they. Strategic Management Journal, 21 (10-11), 1105-1121.

14) Fabrizio, K.R. (2009). Absorptive capacity and the research for innovation. Research Policy, 38 (2), 255-267.

15) Gibson, C. B. & Birkinshaw J. (2004). The antecedents, consequences, and mediating role of organizational ambidexterity. Academy of Management Journal, 47 (2), 209-226.

16) Homburg, C., Grozdanovic, M. & Klarmann, M. (2007). Responsiveness to customers and competitors: The role of affective and cognitive organizational systems. Journal of Marketing, 71 (3), 18-38.

17) Huynh Thanh Nha & La Hong Lien (2015). Intrinsic factors affecting the competitiveness of private economic enterprises in Can Tho City. Can Tho University Journal of Science, 36 , 72-80.

18) Keh, H.T., Nguyen Thi Tuyet Mai & Hwei, P. Ng (2007). The effects of entrepreneurial orientation and marketing information on the performance of SMEs. Journal of Business Venturing, 22 (4), 592-611.

19) Leonard, B.D. (1992). Core capabilities and core rigidities: a paradox in managing new product development. Strategic Management Journal, 13 (S1), 111-125.

20) Li, Da-yuan, & Liu, Juan (2014). Dynamic capabilities, environmental dynamism, and competitive advantage: Evi- dence from China. Journal of Business Research, 67 (1), 2793-2799.

21) Martin, B.A. & Martin, J.H. (2005). Building a market-oriented organizational environment: An implementation framework for small organizations. American Journal of Business, 20 (2), 45-58.

22) Narver, J.C. & Slater, S.F. (1990). The Effect of a Market Orientation on Business Profitability’, Journal of Marketing, 54 (4), 20-35.

23) Nguyen Phuc Nguyen (2012). Applying supply chain theory to develop tourism in Central Vietnam. Journal of Science and Technology, 8 (57), 97-103.

24) Nguyen Phuc Nguyen (2015). Integrated view of inter-firm cooperation: An empirical study in Tourism Region. International Journal of Economics and Finance, 7 (8), 77-87.

25) Nguyen Phuc Nguyen & Le The Gioi (2013). Sustainable development of central coastal tourism from a value chain approach. Economic Development Journal, 277, 2-11.

26) Nguyen Phuc Nguyen & Vu Quynh Anh (2015). Dynamic capacity - a new approach to sustainable development. Journal of Economic Sciences, 3 (1), 1-10.

27) Nguyen Tran Sy (2013). Dynamic capacity - a new approach to create competitive advantages for small and medium enterprises in Vietnam. Journal of Development and Integration, 12 (22), 15-20 .

28) Nguyen Thi Mai Trang & Nguyen Dinh Tho (2004). The impact of cultural sensitivity and information exchange on relationship quality. Marketing Intelligence & Planning, 32 (7), 754-768.

29) Nguyen Dinh Tho & Nguyen Thi Mai Trang (2009). Some factors forming dynamic enterprise capacity and solutions to nurture', Proceedings of the Seminar on Dynamic Competitiveness of Enterprises, Institute for Economic Research.

30) Oktemgil, M. & Gordon G. (1997), ‘Consequences of high and low adaptive capability in UK Companies’, European Journal of Marketing, 31 (7), 445-466.

31) Porter, M. (1985), Competitive Advantage: Creating and Sustaining Superior Performance, New York: The Free Express.

32) Sekaran, U. (1992), Research Methods for Business – A skill building approach, 2nd edition, New York: John Wiley& Sons, Inc.

33) Schumacker, R. E. & Lomax, R. G. (2004), A beginner’s guide to structural equation modeling, New Jersey: Lawrence Erlbaum Associates.

34) Teece, D. J., Pisano, G. & Shuen, A. (1997), ‘Dynamic capabilities and strategic management’, Strategic Manage- ment Journal, 18 (7), 509-533.

35) Terziovski, M. (2010), ‘Innovation practice and its performance implications in small and medium enterprises (SMEs) in the manufacturing sector: A resource based view’, Strategic Management Journal, 31 (8), 892-902.

36) Walter, A., Auer, M. & Ritter, T. (2006), ‘The impact of network capabilities and entrepreneurial orientation on university spin-off performance’, Journal of Business Venturing, 21 (4), 541-567.

37) Wang, C.L. (2007), ‘Dynamic capabilities: A review and research agenda’, The International Journal of Management Reviews, 9 (1), 31-51.

38) Wernerfelt, B. (1984), ‘The resource-based view of the firm’, Strategic Management Journal, 5 (2), 171-180.

39) Zahra S.A. & George G. (2002), ‘Absorptive capacity: a review, reconceptualization, and extension’, Academy of Management Review, 27 (2), 185-203.

40) Zhou, K.Z. & Li, C.B. (2010), ‘How strategic orientations influence the building of dynamic capability in emerging economics’, Journal of Business Research, 63 (3), 224-231.