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What is Dynamic Capabilities

Challenges and Opportunities for SMEs in Industry 4.0
It is the ability of a firm or organization to learn new methods occurred to produce and serve and to meet the needs of customers according to environmental and technological changes.
Published in Chapter:
Sustainability of SMEs and Health Sector in a Dynamic Capabilities Perspective
Bülent Akkaya (Manisa Celal Bayar University, Turkey) and Sema Üstgörül (Manisa Celal Bayar University, Turkey)
Copyright: © 2020 |Pages: 22
DOI: 10.4018/978-1-7998-2577-7.ch004
Abstract
In Industry 4.0, enterprises have economic, social, and environmentally sustainable policies, and the implementation of these policies may lead to raising the national economy and society welfare. It can be achieved by firms' dynamic capabilities. Therefore, structuring of the activities of enterprises, especially SMEs and health sector organizations within the framework of sustainability and establishing standards by establishing control mechanisms, plays an important role in the development of the country. One of the most important responsibilities of managers in these sectors in implementing sustainable policies is to utilize the dynamic capabilities of the organization. In this context, it is necessary to have knowledge about what dynamic capabilities are and their relationship with sustainability. This study discusses the relationship between dynamic capabilities and sustainability of SMEs and the firms in health sector.
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Post-Pandemic Restorative Talent Management Strategy for SME Development
This represents the touchpoints in the organization that the management focuses on talent development. These are the specific talent development centers of the organization.
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The Impact of Technological, Governance, and Political Capabilities on Firms' Performances Under Economic Turbulence
This approach integrates internal resources and capabilities with environment to reach competitive advantage.
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An Entrepreneur Sees the Reward: The Importance of Intellectual Capital and Corporate Social Responsibility in a Company
A firm’s abilities to achieve and sustain its competitive advantage with the dynamic change in the market.
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Communities of Purpose: Eliminating Knowledge and Enhancing Practices in Transformational Government Programmes
Involves an organisations ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments
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Gaining Competitive Advantage through the Balanced Scorecard
Higher order strategic processes that integrate recombine and generate new technological and marketing capabilities which in turn increase firm performance.
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Trends and Future Directions of Net-Enabled Connectivity
The ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments
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Entrepreneurial Orientation and Dynamic Capabilities: The Case of Family Firms
Firm’s processes related to its capacity to generate, integrate and recombine resources, skills and capabilities to adapt to dynamic markets.
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Keys to the Survival of the Family Firm: Long-Lived Family Firms
They are the capacities that a company possesses to renew its capacities and to develop others new skills. It can be understood as a synonym for innovative skills.
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Digital Innovation in Small Firms of Rural Canada
The firm’s ability to integrate, build, and reconfigure internal and external resources and capabilities to address rapidly changing environments.
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Balanced Scorecard in Business Dynamic Environments: Benefits Management Approach
The dynamic capabilities approach as ways of exploiting existing internal and external firm specific competences to address changing investments.
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Innovation-Based Lateral Thinking and Intrapreneurship Strategies for Handling Corporate Chaordism
A sort of capabilities that enable organizations to create, modify, and reconfigure their available human and economic resources to compete in challenging market environments.
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ICT and the Virtual Organisation
Organizational actions that use resources to integrate and reconfigure actions in order to match and create changes in the market.
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Socially Responsible Value Creation in the Post-COVID-19 Era: Taking Advantage of Dynamic and Digital Capabilities
The ability to sense and then seize new opportunities, and to reconfigure and protect knowledge assets, competencies, and complementary assets with the aim of achieving a sustained competitive advantage (Augier and Teece, 2009, p.412).
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Ambidexterity, Knowledge Management, and Innovation in Technology Development Zones: The Case of Turkey
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Digital Management Towards Society 5.0: A Review of the Framework for Kurt Lewin Theory During COVID-19 Pandemic
It is the ability of a firm or organization to learn new methods occurred to produce and serve and to meet the needs of customers according to environmental and technological changes.
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Entrepreneurial Orientation, International Orientation, and Performance in Technology-Based Companies: An Integrative Perspective
are the firm's ability to integrate, build, and reconfigure internal and external resources/competences to address and shape rapidly changing business environments.
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Strategic Responses of the Organization to the COVID-19 Pandemic Crisis
Reflects an organization's ability to develop new and innovative employee competency configurations.
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Researching IT Capabilities and Resources: An Integrative Theory of Dynamic Capabilities and Institutional Commitments
This concept is based on two valuable observations: first, the shifting character of the economic environment renders it dynamic; second, organizational capabilities lie at the source of competitive success.
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Competitive Advantage, Open Innovation, and Dynamic Capabilities: Is Sanofi Employing an Open Innovation Strategy?
Cognitive and conative organisational and strategic systems through which firms solve problems and create new configurations of resources and skills as their environment evolves. Dynamic capabilities help the firm improve its resource base to deal more efficiently with environmental changes. When these changes involve a high degree of uncertainty, as is the case in ‘high-velocity environments’, the firm’s dynamic capabilities will enable it to find an appropriate solution to the environmental changes and thus preserve its competitive advantage.
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ReSTART: Developing Entrepreneurial Competencies for Second Chance Entrepreneurs
The capacity of a firm to create, extend or modify their capabilities to achieve a competitive advantage.
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Sustainable Competitive Advantage With the Balanced Scorecard Approach
Higher order strategic processes that integrate, recombine, and generate new technological and marketing capabilities, which in turn increase firm performance.
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Sustainable Competitive Advantage With the Balanced Scorecard Approach
Higher order strategic processes that integrate, recombine, and generate new technological and marketing capabilities, which in turn increase firm performance.
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Social Media Use as an Enabler of Marketing Evolution in Knowledge-Intensive SMEs
Dynamic capabilities are evolutionary, future-oriented, and difficult to imitate organizational core strengths, embedded knowledge, skills and processes for continuous evolutional fitness of an organisation with its changing environment.
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Proposal of a Business Model Based on the Triple Business Performance-E
They are the type of capabilities formed by the combination of detecting and configuring new business opportunities and taking advantage, managing, and empowering new opportunities.
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The Potential of Enterprise Social Software in Integrating Exploitative and Explorative Knowledge Strategies
It is the firm’s ability not only to exploit its existing resources and organisational capabilities, but also its ability to renew and develop its organisational capabilities.
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The Impact of Digital Transformation on Business Strategy: A Closer Look on Success Determinants
Companies' ability to reconfigure internal and external competencies to deal with rapidly changing environments.
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Artificial Intelligence, Dynamic Capabilities, and Business Optimization: Impact on Firm Performance
Basic routine processes that progress transformation among companies through evolution with time making them survive well in a competitive environment.
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