Steve Jobs recognized that consumers wanted a smaller mp3 player than they could buy at the time, so Apple developed the iPod. This demonstrates Teece's
A)Theory X.
B)Theory Y.
C)theory of dynamic capabilities.
D)management science theory.
E)contingency theory.

Question

Quizplus · Accepted Answer

The theory of dynamic capabilities refers to a company's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments, which is demonstrated by Apple's development of the iPod in response to consumer demand.

Steve Jobs Recognized That Consumers Wanted a Smaller Mp3 Player