A relational perspective of the microfoundations of dynamic managerial capabilities and transactive memory systems

The concept of dynamic managerial capabilities – the capabilities with which managers create, extend, and modify the ways in which firms make a living – helps to explain the relationship between the quality of managerial decisions, strategic change, and organizational performance. We organize our paper around the three core underpinnings of dynamic managerial capabilities: managerial cognition, managerial social capital, and managerial human capital. We also incorporate transactive memory system theory to bridge dynamic managerial capabilities theory and networking capabilities theory. In particular, we focus on multi-level relational aspects of dynamic managerial capabilities and networking capabilities in in the context of business relationships in uncertain and changing (i.e., dynamic) network contexts. Finally, we offer an agenda for future research at the intersection of dynamic managerial capabilities, transactive memory systems, and networking capabilities.