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Dynamic Capabilities |
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Definition: Dynamic Capabilities is the firm's ability to integrate, build and reconfigure internal and external competencies to address rapidly changing environments (Teece, Pisamo and Shuen, '97), thus achieving a sustainable competitive advantage. |
More on dynamic capabilities. More on business strategy: 3C's Model of Ohmae, Ansoff Matrix, Business Continuity Planning, Business Model, Business Model Canvas, more... |
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