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Market-Based Solutions to Vital Economic Issues


Kenan Institute 2024 Grand Challenge: Business Resilience
Market-Based Solutions to Vital Economic Issues
Dec 1, 2015

Concurrent Learning: How Firms Develop Multiple Dynamic Capabilities in Parallel


Much is known about the importance of dynamic capabilities. Yet, surprisingly little is known about how multiple dynamic capabilities might be developed in parallel, since most existing work explores a particular dynamic capability in isolation. Using rich quantitative and qualitative data on Dow Chemical’s acquisitions, joint ventures, and divestitures over the past 20 years, we seek to address this gap. Besides contributing by adding fresh insights about managing growth and the utility of distributed practice, and by shedding light on positive and negative experience transfer, our core contribution is an emergent theoretical framework that develops the concept of “concurrent learning.


Bingham, C. B., Heimeriks, K. H., Schijven, M., & Gates, S. (2015). Concurrent learning: How firms develop multiple dynamic capabilities in parallel: Concurrent learning. Strategic Management Journal, 36(12), 1802-1825. doi:10.1002/smj.2347

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