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Corporate ship adv. > Lecture 3 > Flashcards

Lecture 3 Flashcards

1
Q

What are dynamic capabilities?

A

The ability to sense, seize and reconfigure internal and external competencies to address rapidly changing environments

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2
Q

What is sensing dynamic capabilities?

A

Identifying and assessing technological opportunities and threats

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3
Q

What is seizing dynamic capabilities?

A

Mobilizing resources to capture opportunities

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4
Q

What is reconfiguring/transforming dynamic capabilities?

A

Continuous renewal of the firms resource base to maintain competitiveness (acquisition, development, divestiture of resources)

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Corporate ship adv. (6 decks)

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