Influential Capabilities and Their Development in a Project Business: Results of an Estonian Survey

Abstract

Prior literature does not describe adequately the value of dynamic capabilities in a project business and does not follow their evolvement, there also exist several contradictions – the aim is to clarify these issues in small- and medium sized companies in Eastern Europe. A descriptive empirical work was conducted to track the capabilities and their development, for which the survey was performed. The best capabilities are worth imitating in a capability development and the worst capabilities need to be further investigated to decide how to improve them. Capabilities do not get better with time, as strong remains strong and weak remains weak, exploitation and exploration capabilities are evaluated at an equal level. Project related capabilities are more significant to profit than business capabilities. Generally, companies’ age makes the project and project portfolio capabilities worse.