Dynamic capabilities are processes by which a firm integrates, reconfigures, acquires, or divests resources.

Question

Quizplus · Accepted Answer

This statement accurately defines dynamic capabilities as the processes a firm uses to manage and adapt its resources over time. These capabilities can include integrating new resources, reconfiguring existing resources, acquiring external resources, or divesting resources that are no longer valuable to the firm. Dynamic capabilities are essential for firms to remain competitive in a rapidly evolving business environment.

Dynamic Capabilities Are Processes by Which a Firm Integrates, Reconfigures