Rethinking Dynamic Capabilities: How Differences in Understanding the Dynamic Capabilities Construct May Be Reconciled Through Process Research Margaret Peteraf Tuck School of Business at Dartmouth, USA 100 Tuck Hall Hanover, NH 03755 USA Phone: 603-646-1944 Margaret.A.Peteraf@tuck.dartmouth.edu and Haridimos Tsoukas University of Cyprus, Cyprus and University of Warwick, UK 1 University Avenue, 2109 Aglantzia Cyprus htsoukas@ucy.ac.cy , Hari.Tsoukas@wbs.ac.uk Forthcoming in Sandberg J., Rouleau, L., Langley, A, and Tsoukas, H. (eds.) Skillfull Peformance: Enacting Capabilities, Knowledge, Competence, and Expertise in Organizations, Oxford: Oxford University Press, Chapter 8, pp.160-183.