A Review of Dynamic Capabilities, Innovation Capabilities, Entrepreneurial Capabilities and Their Consequences

The paper proposes a conceptual model which provides direction for researchers to empirically establish the connections between dynamic
capabilities, innovation capabilities, entrepreneurial capabilities and financial and strategic performance. The author uses systematic
literature review process to select the articles used in this study. First, the present paper review and discuss some major contributions
to the theories of dynamic capabilities, innovation capabilities, entrepreneurial capabilities and their consequences. The author seeks to
highlight different understandings of the concepts to clarify the distinctions between them. Second, the conceptual model and propositions
for future studies were developed. The proposed model highlights the different measures of dynamic capabilities, innovation capabilities,
entrepreneurial capabilities and their consequences. The model with its associated propositions was developed base on limitations and
gaps observed from past studies. It is focused on empirically testing the direct impact of dynamic capabilities, innovation capabilities, and
entrepreneurial capabilities on the performance of SMEs in Vietnam. Nevertheless, the proposed model can be applied to similar situations in
different contexts and countries. Further empirical testing of proposed model would contribute to enriching existing knowledge of dynamic
capabilities, innovation capabilities and entrepreneurial capabilities within SMEs and how these capabilities foster superior performance.