Dynamic Managerial Capabilities in Collaborative Workspaces: Implications of Shared Human Capital, Social Capital, and Cognition

Dynamic managerial capabilities (DMCs) consisting of human capital, social capital, and managerial cognition have important implications for firm-level outcomes via sensing, seizing, and reconfiguring resources to impact firms’ actions. In particular, DMCs are crucial for entrepreneurial firms to recognize opportunities, make strategic investments, and align strategic assets. We propose to investigate how firm-level DMCs are augmented and further developed when firms collaborate, due to influence on extending the perception of opportunities, willingness to undertake change, and ability to implement change. We articulate a framework for understanding these associations and propose an empirical examination of collaborative workspaces. Inter-firm learning within an ecosystem that results in higher DMCs for participating firms highlights the salience of collaborative workspaces in leveraging human capital, social capital, and managerial cognition.