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 commitment to resource alignment.
E)improvement evaluation process for repurposing waste in the firm.

Question

Quizplus · Accepted Answer

A dynamic capability is the ongoing capacity of a firm to modify and reconfigure its existing resources and capabilities to create new ones. It allows a firm to adapt to changing environments and seize new opportunities. It involves a continuous learning process and the ability to integrate new knowledge and skills into the organization. Choice A accurately describes the concept of dynamic capabilities, while the other options are either unrelated or inaccurate.

A Dynamic Capability Is the