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Adapting to Fast-Changing Markets and Technologies

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The dynamic capabilities framework identifies three components as critical for successful organizational adaptation: sensing, seizing and transforming. By contrasting two distinct business cases, a long-term biofuel investment by DuPont and Novartis's rapid deployment of digital technologies in marketing, this article assesses the managerial implications of each of these components. It develops an embryonic contingency model that illustrates why the relative importance of dynamic capabilities varies across firms. The article also highlights the critical role played by strategic leaders, who must selectively adapt and refine dynamic capabilities and also serve as a last line of defense in times of rapid change.

【書誌情報】

ページ数:19ページ

サイズ:A4

商品番号:HBSP-CMR628

発行日:2016/8/29

登録日:2016/10/7

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