Third, our study identifies change capabilities that are developed at the employee
level. Previous literature has emphasized dynamic capabilities at the firm level as well
as managerial capabilities for change. Our study shows that positive experience with
change can contribute to the development of change capabilities also at the employee
level, by generating an ability to cope with the uncertainties of change, maintaining
control and increasing one’s own market value. Managers play an important role in
facilitating the development of employee change capabilities.