Dynamic capabilities are "higher order" capabilities that orchestrate change among operational capabilities.

Question

Quizplus · Accepted Answer

Dynamic capabilities are like meta-capabilities that manage and integrate the routine operational capabilities of an organization to enable it to adapt and renew itself in response to changing environments and demands. They help firms to innovate and create new competitive advantages by coordinating, aligning and reconfiguring its resources, processes, structures, and systems.

Dynamic Capabilities Are "Higher Order" Capabilities That Orchestrate Change Among