Neurological Bases of Dynamic Capabilities of the Firm: An Approach

Abstract

This article is theoretical and exploratory in nature. It addresses the problem of the search for a neurological sustenance for two strategic management theories: the theory of managerial cognitive abilities (Helfat and Peteraf, 2015) and, through this, the theory of dynamic capacities and microfoundations (Teece, 2007). The methodology started with a review of articles in Web of Science, mainly from the 2000-2017 period. In principle, the search began with the topics of neuroscience and management, was then derived to neuroscience and strategy, and finally to neuroscience and decision. The models of dynamic capacities and microfoundations, and the managerial cognitive abilities were contrasted with the selected literature, and a framework was built based on the decision- making phenomenon, in which the possible connections between the different concepts were explored. It is an exploratory study, so there is no confirmation of the relationships raised, but only reasonable propositions are stated. The need arises to give an empirical support to the framework, as well as to deepen it from the theoretical point of view.