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Acronyms that contain the term dynamic capabilities
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What does dynamic capabilities mean?
- Dynamic capabilities
- In organizational theory, dynamic capability is the capability of an organization to purposefully adapt an organization's resource base. The concept was defined by David Teece, Gary Pisano and Amy Shuen, in their 1997 paper Dynamic Capabilities and Strategic Management, as "the firm’s ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments".The term is often used in the plural form, dynamic capabilities, emphasizing that the ability to react adequately and timely to external changes requires a combination of multiple capabilities.
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"dynamic capabilities." Abbreviations.com. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.abbreviations.com/dynamic%20capabilities>.
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