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 in a firm.

Question

Quizplus · Accepted Answer

A dynamic capability refers to a firm's ability to modify or combine its existing resources and capabilities to create new ones that enable the firm to adapt to changing market conditions and gain a competitive advantage. It involves ongoing learning, experimentation, and innovation. Option B, C, D, and E do not accurately define a dynamic capability.

A Dynamic Capability Is the