Background of the Study
Dynamic capability refers to a firm's ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments (Teece, 2023). In the ICT sector, dynamic capabilities are particularly crucial due to the fast-paced nature of technological advancements and market competition. Companies in Bauchi State’s ICT industry are faced with the challenge of maintaining relevance in a competitive and technologically evolving market. Adapting to these changes while maintaining organizational performance requires firms to continuously innovate, refine their processes, and align their strategies with emerging technological trends (Gibson & Birkinshaw, 2023).
The performance of firms, especially in technology-driven sectors like ICT, hinges significantly on how well they can adjust to external market forces and internal needs for change. Dynamic capabilities enable companies to quickly adapt their business models, integrate new technologies, and create competitive advantages. This study aims to empirically explore the relationship between dynamic capabilities and firm performance in ICT companies in Bauchi State, offering insights into how these companies can better leverage their dynamic capabilities for improved market positioning and financial outcomes.
Statement of the Problem
While dynamic capabilities have been identified as critical factors for the success of firms in highly competitive industries like ICT, there is limited research on how these capabilities impact the performance of ICT companies in Bauchi State. Many ICT companies in the region struggle with rapid technological advancements, a lack of skilled workforce, and market volatility. Understanding how dynamic capabilities affect firm performance could provide ICT firms in Bauchi State with a framework to enhance their competitiveness and overall performance (Ogunyemi & Alabi, 2024).
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
The study will focus on ICT companies in Bauchi State, evaluating their dynamic capabilities and firm performance. Limitations include challenges in measuring dynamic capabilities and firm performance and potential biases in self-reported data.
Definitions of Terms
Chapter One: Introduction
1.1 Background of the Study
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