Abstract:

This paper studies the dynamic capability and its implementation in strategic management process and suggests the necessity for enterprises to emphasize its internal environment, of which this paper presents a research and control mechanism. By distinguishing resources of different strategic stages and considering the external and internal environment from the perspective of enterprises, it proposes an integrating dynamic capability strategic management process model. The model is based on Preble’s research in which he integrated crisis management into strategic management process.

Key words: dynamic capability, strategic management, internal environment