These days, I dive to a pool of articles to learn more about new concepts. I will try to share my findings, and I hope you will help me to discuss about these notions. Thus, let’s discuss about the first notion: Dynamic capabilities
Definition: The firm’s processes that use resources—specifically the processes to integrate, reconfigure, gain and release resources—to match and even create market change. Dynamic capabilities thus are the organizational and strategic routines by which firms achieve new resource configurations as markets emerge, collide, split, evolve, and die.
Having considered the resource-based view on capabilities, and working toward consistency with the service-centered dominant logic, we conceptualize an operant resource-based capability as one that has three facets; possession of, application of, and full utilization of resources:The possession and application dimensions refer to the availability and application of sufficient resources, which enable the firm to engage in value creating activities (e.g. innovation, marketing, production). The full utilization dimension refers to the extent that the resources are maximized toward value-creating activities. As such, an operant resource-based capability is defined as an integrative process of applying collective knowledge, skills, and resources to perform functional activities.
Please kindly send your comments and findings.
