As more unstable is the business ambient, more important become capacities as perceiving rapidly what happens in the context in change, or altering established guidelines (improvisation), or understanding new clients (empathy). These competences, little tangible, but today very important in the business administration, we denominate "volatile competences". "Volatile" because they are hard to learn, to dimension and to evaluate. In a first view, the exploration of volatile competences seems to be more viable in the field of the managerial formation. But also in this area there are difficulties. For example, the teaching-learning methodologies today employed in processes of managerial formation seem not to be the most adequate to the exploration and appropriation of this kind of competencies. If it is right that its exploration also happens in many areas as the architecture, or law, or even medicine, it is in the field of the art, such as music, literature, theater, movies when its most systematic exploration occurs. It was this perspective, associated to the experience as a teacher and as a professional in dramatic art, that did us to appeal to the theatrical practices and their pedagogical possibilities as a way of exploration of the "volatile competences".