Dynamic Capabilities as Source of Sustainable Competitive Advantage in Organizations

An organization's long term success depends on its ability to exploit its current capabilities while simultaneously exploring fundamentally new competencies in a dynamic environment. Research has revealed that most successful enterprises are adept at refining their current offerings, but they falter when it comes to pioneering radically new products and services. This calls for organizations to develop both alignment and adaptability skills at the same time. How do organizations go about harnessing dynamic capabilities? How alignment of the dynamic capabilities can be a source of corporate renewal? The paper attempts to find some answers to the above questions by understanding how dynamic capabilities can be a pathway for sustainable competitive advantage.