Empirical Research on Relation Between Dynamic Competitive Advantage and Enterprise Growth Performance

• 1、Harbin Engineering University, School of Economic and Management

Abstract：On the background of manufacturing industry in china, this article verifies competitive strategy's influence on enterprise growth performance, and finds out conformity mode of knowledge resource. Based on dynamic capabilities theory framework, this article utilizes 2011 annual survey data of one hundred and ninety-five large and medium-size enterprises, applies statistical test method including medi-effection item to analysis, and acquires the following conclusions. Firstly, establishment of flexible organization structure, forming of initiative intellectual capital and creation of unique knowledge resource are efficient path to improve dynamic capabilities and influence on enterprise growth performance. Adaptability towards external environment will be sticking point of enterprise's competition. Secondly, medi-effection of dynamic capabilities in development verifies strong explaination of "enterprises resource→ dynamic capabilities→growth performance" analytical framework. Administrator should concentrates on forming dynamic capabilities rather than adopting short-sighted and utilitarian management behavior, that is more propitious to improve sustainability of enterprises growth. Thirdly, unique knowledge resource can be integrated, evolved and transformed into organization codified knowledge through interaction, when enterprises establish Continuous improvement and re-conformity mechanism, that is efficient to form dynamic capabilities under the framework of enterprises adaptive strategy. Above-mentioned conclusions can be explained by specific endowment of resources, response capability of market demand, developmental stage and technical level of industry of large and medium-size enterprises in china.

Keywords： knowledge resource, intellectual capital, organizational modularity, dynamic capabilities, enterprises growth performance