A dynamic capability is
A)An ability that a firm develops slowly, over time
B)An ability to reconfigure and develop new capabilities quite quickly
C)An ability only developed by very charismatic leaders
D)An ability to do something quickly

Question

Quizplus · Accepted Answer

A dynamic capability is an organization's ability to reconfigure and develop new capabilities quickly in response to changing environments. It is not necessarily something that is developed slowly over time, nor is it exclusive to charismatic leaders. It is the ability to adapt and innovate quickly that sets dynamic capabilities apart. Choice D is too broad and does not capture the idea of reconfiguring and developing new capabilities.

A Dynamic Capability Is