Definition of Dynamic Capabilities

✅  Related keywords: competences, resources

📖  What are Dynamic Capabilities?

A company’s capacity to adapt to an evolving market through change, innovation, and learning. In order to do this effectively, firms need to sense the market change before competitors, seize the opportunity quickly, and reconfigure the business model to adjust to the change. Two companies with impressive dynamic capabilities are Apple and IBM, who need to adapt to the market and even reinvent themselves quickly and effectively in order to remain market leaders.

Explore related definitions

More innovation terms explained.

Join the RGI Challenge and win $500 >>
Join the AI Hackathon and win $500 >>

Your account has been created!

You can vote for the resources!
Help others find the best innovation resources by upvoting.

NO RESOURCES YET
Placeholder

Add your first resource by clicking on any collect button.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Add "Item"
Add Item

Collections are a way to save and organize resources. Many people use collections to save inspiration for future use or for inspiration. You can create as many collections as you like.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.