Strategy · The Frontier Lexicon

Dynamic Capabilities

Lexicon / Strategy / Dynamic Capabilities
David Teece, Gary Pisano & Amy ShuenStrategic Management Journal, 1997

The firm's ability to integrate, build and reconfigure internal and external competences to address rapidly changing environments — sensing, seizing and transforming.

Kathleen Eisenhardt & Jeffrey MartinStrategic Management Journal, 2000

Dynamic capabilities are identifiable processes — product development, alliancing, strategic decision-making — whose value lies in the resource configurations they create.

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