DYNAMIC CAPABILITIES AND THEIR PURPOSE
These are high-level routines that help firms adapt, innovate, and reconfigure assets in changing environments
What are sensing, seizing, and transforming?
These are the specific routines, structures, and decisions that underpin each dynamic capability.
What are the building blocks that support the dynamic capabilities, the micro foundations?
This famous framework focuses on static market forces and rivalry but lacks agility.
What is Porter's Five Forces?
This type of management is essential for deploying dynamic capabilities.
What is entrepreneurial management?
AI, ESG, and geopolitics are examples of these pressures shaping how firms build capabilities.
What are emerging trends and disruptions?
To survive disruption, firms must evolve, not perform, be sensing change, seizing opportunities, and transforming fast.
What is the key to long-term competitive advantage?
These systems help firms make timely, bias-aware, strategic decisions.
What are decision-making protocols?
This framework assumes resources are valuable if they are rare, inimitable, and non-substitutable, but doesn't account for change.
What is a resource-based view?
Leaders must play this role to coordinate sensing, seizing, and transforming across the firm.
What is Orchestrating?
The rise of platform ecosystems has changed how firms must sense and respond to these.
What are network-based or distributed market signals?
While operational capabilities execute known tasks efficiently, dynamic capabilities are focused on this.
What is Strategic change and innovation under uncertainty?
These activities allow firms to share insights and adapt internally to external change.
What is knowledge sharing and organizational learning?
These two issues, constant change and innovation, are poorly addressed by traditional strategy tools.
What are disruption and dynamic adaption?
These organizational barriers, including legacy systems and internal politics, often block transformation.
What is organizational inertia or path dependency?
Teece's theory may need this to remain relevant in an increasingly fast, connected, stakeholder-driven world.
What is theoretical evolution or adaptation?