THE DYNAMIC CAPABILITIES PERSPECTIVE
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http://academlib.com/3826/management/...
The concept of dynamic capabilities emerged in response to some key shortcomings of the resource-based view of the firm, which has been criticized for ignoring factors surrounding resource development and resource reconfiguring, instead assuming that resources simply exist.51 Based on this criticism the dynamic capabilities perspective has extended the resource-based view with the notion of evolving capabilities. In contrast, the term ordinary capability refers to those capabilities that are needed by a firm to simply conduct its normal business operations. They are the standard routines that are not necessarily unique to the individual organization—for example, the accounting system that keeps track of revenue. Ordinary capabilities are not critical for developing a competitive advantage but for transforming VRINO resources into competitive advantage. The dynamic capabilities perspective assumes that the market, the competitive environment, the technological environment, and the cultural context constantly change and more importantly, that firms that do not have the capabilities to adjust to these changes are vulnerable to failure. ...
The concept of dynamic capabilities emerged in response to some key shortcomings of the resource-based view of the firm, which has been criticized for ignoring factors surrounding resource development and resource reconfiguring, instead assuming that resources simply exist.51 Based on this criticism the dynamic capabilities perspective has extended the resource-based view with the notion of evolving capabilities. In contrast, the term ordinary capability refers to those capabilities that are needed by a firm to simply conduct its normal business operations. They are the standard routines that are not necessarily unique to the individual organization—for example, the accounting system that keeps track of revenue. Ordinary capabilities are not critical for developing a competitive advantage but for transforming VRINO resources into competitive advantage. The dynamic capabilities perspective assumes that the market, the competitive environment, the technological environment, and the cultural context constantly change and more importantly, that firms that do not have the capabilities to adjust to these changes are vulnerable to failure. ...
9 سال پیش
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