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Crystal market: a way to study knowledge-based dynamic capabilities

Carla Curado (ADVANCE/CSG, Department of Management, ISEG, Universidade de Lisboa, Lisboa, Portugal)
Paulo Henriques (ADVANCE/CSG, Department of Management, ISEG, Universidade de Lisboa, Lisboa, Portugal)
Isabel Proença (ISEG – Universidade de Lisboa and REM – Research in Economics and Mathematics, CEMAPRE, Lisboa, Portugal)
Diogo Maia (ISEG, Lisboa, Portugal)

Sport, Business and Management

ISSN: 2042-678X

Article publication date: 19 May 2021

Issue publication date: 20 July 2021



In this work, the authors address a gap in the literature on the contribution of dynamic capabilities and internal contingencies to performance in a highly competitive environment.


The authors use data from the Premier Football (soccer) League in Portugal over ten years. This league works as a laboratorial setting and enables the authors to identify the influences of the variables in the study.


The authors find evidence that human capital is decisive to a team's performance. This study’s findings question the role of the alignment between the different levels of the organization: strategic, tactical and operational.

Research limitations/implications

With this work, the authors stress the importance (1) of using alternative scenarios in management research and (2) of the way that human and social capitals and managerial cognition and internal contingencies influence the development of knowledge-based dynamic capabilities, especially in highly regulated industries such has sports clubs.

Practical implications

This work provides evidence on the importance of strategic coherence at different structural levels of the organization. Furthermore, it highlights the need to secure the right resources at the right time.


The authors propose a setting to run the study: a crystal market and an original measure of performance that reflect the relative achievement of market potential.



Carla Curado and Paulo Henriques are grateful for the support provided by FCT (Fundação para a Ciência e Tecnologia - Portugal) under the project UIDB/04521/2020. Isabel Proença was partially supported by the Project CEMAPRE/REM - UIDB/05069/2020 - financed by FCT/MCTES through national funds.


Curado, C., Henriques, P., Proença, I. and Maia, D. (2021), "Crystal market: a way to study knowledge-based dynamic capabilities", Sport, Business and Management, Vol. 11 No. 4, pp. 472-490.



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