Dynamic Capabilities of Start-Ups
Combining the literature on dynamic capabilities, entrepreneurship, and start-ups, we can come across many new, interesting findings, which are not yet sufficiently explored. The aim of the study is to summarize the dynamic capabilities of start-ups in a literature review. We found that start-ups have fewer, more focused, cheaper dynamic capabilities, which capabilities are based much more on the entrepreneurs' skills. The development of dynamic capabilities takes place with the help of entrepreneurs, and as a result, these are more flexible than the dynamic capabilities of large companies. The implication for future research is that, when examining the dynamic capabilities of start-ups, the entrepreneurs – and their capabilities - should also be examined separately.