本研究的目的是探究動態能力的本質，並進一步了解動態能力的發展過程。為了解企業如何其發展動態能力，本研究採用個案分析，發現企業發展動態能力須經歷的四個階段，並提出一整合模型描述動態能力發展之過程:企業可經由學習機制發展其動態能力，包含知識獲取以及知識轉化兩個階段;若環境動態程度較高，將促進企業獲取知識，從而加快學習機制。此外，社會資本和管理能力的提升也會影響動態能力的發展。

The purpose of this study is to understand the nature of dynamic capabilities, and to have a clearer picture of the process of developing dynamic capabilities. A case study methodology is conducted to illustrate the pattern of how firms develop dynamic capabilities. After collecting and analyzing the data, four propositions and an integrated model are proposed. It is found that firms develop dynamic capabilities through the two-stage learning mechanism, knowledge acquisition and knowledge conversion; high level of environmental dynamics perceived by firms would motivate firms to acquire knowledge, which accelerate learning mechanism. Moreover, social capital and managerial capability upgrading play roles of moderator during the development of dynamic capabilities.
Four contributions are offered in this study. First, this research highlights the ambiguity on definition and clarifies it after an overall discussion. Second, this paper extends and integrates findings from past research, which help to enhance the understanding of the mechanism of developing dynamic capability. the third contribution of this study is the combination of learning mechanism and two moderators, social capital and managerial capability upgrading. Fourth, while cases from advanced countries have been widely discussed, this study focus on companies from newly industrialized countries, which enables this study to collect different managerial experience and extend more insights.
There are several research limitations in conducting this study. Firstly, the use of qualitative research limits the research result in the specific industry chosen in this study; some propositions may be universal, but not all of them can be applied into each industry. Secondly, the timeline covered in this study is not long enough since the development of dynamic capabilities requires long time efforts.

Content
Chapter 1 Introduction 1
1.1 Research Background 1
1.2 Research Purpose 2
1.3 Research Questions 2
1.4 Research Structure 3
Chapter 2 Literature Review 4
2.1 Overview of Literatures on Dynamic Capabilities 4
2.1.1 Definition of Dynamic Capability 4
2.2.2 Empirical Research on Dynamic Capability 9
2.2. How Firms Develop Dynamic Capability 16
2.2.1. The Two-Stage Learning Process 17
2.2.2. Environment 19
2.2.3. Social capital 20
2.2.4. Managerial capability Upgrading 21
Chapter 3 Methodology 23
3.1. Research Method 23
3.2. Selection of Research Objects 24
3.3. Data Collection 25
3.4. Data Analysis 27
Chapter 4 Integrated Model and Propositions 32
4.1. Discussion and Propositions 32
4.1.1. The relationship between environment and learning 32
4.1.2. The relationship between learning and developing dynamic capabilities 34
4.1.3. Moderators 36
4.2. Integrated Model 39
Chapter 5 Conclusion 42
5.1. Conclusion 42
5.2. Research Contributions 42
5.3. Research Limitations 44
Reference 45

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