A dynamic capability is the
A) ongoing capacity to modify existing resources and capabilities to create new ones.
B) improvement evaluation process for eliminating waste in the firm.
C) functional and operating resources management process.
D) ongoing capability to understand and establish a rival commitment to resource alignment.
E) most compelling product or service a firm.

Question

Quizplus · Accepted Answer

A dynamic capability refers to a firm's ongoing capacity to modify and adapt its existing resources and capabilities to create new ones and respond to changes in the market. It involves the ability to sense environmental changes, seize opportunities, and reconfigure resources and capabilities to remain competitive over time.

A Dynamic Capability Is the