Concept information
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organization studies
organization studies encyc
approaches to management theory
strategic management
Preferred term
dynamic capabilities
Definition
- Dynamic capabilities (DC) refers to the capacity of an organization to adapt its competencies to the requirements of its competitive environment. As such, they are considered a fundamental factor in the development of sustainable competitive advantage, particularly in highly dynamic markets. [Source: International Encyclopedia of Organization Studies; Dynamic Capabilities]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/dynamic_capabilities
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