Dynamic capabilities and knowledge management in new technology-based companies

The relationship being apparent between dynamic capabilities and knowledge management is being looked into in this paper on the basis of their application to new technology-based companies (NTBC), and bearing in mind issues such as high complexity and fast knowledge generation taking place in a dynamic and uncertain setting. This research has been conducted at the NTBC, located at the Madrid Scientific Park (MSP) and at the Leganés Technological and Scientific Park, both of them located in the Madrid Community area in Spain. According to test results, the exploration and exploitation processes, together with organizational ambidexterity, are having a rather meaningful impact on the NTBC's own dynamic capabilities to effectively manage knowledge, both currently available and being generated, allowing these companies to properly adapting themselves to the setting in which they are operating and thus, ensuring that enhanced returns are obtained.