Understanding dynamic capabilities

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Understanding Dynamic Capabilities

Defining ordinary or ‘zero-level’ capabilities as those that permit a firm to ‘make a living’ in the short term, one can define dynamic capabilities as those that operate to extend, modify or create ordinary capabilities. Logically, one can then proceed to elaborate a hierarchy of higher-order capabilities. However, it is argued here that the strategic substance of capabilities involves pattern...

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ژورنال

عنوان ژورنال: Strategic Management Journal

سال: 2003

ISSN: 0143-2095,1097-0266

DOI: 10.1002/smj.318