Unlocking the Secrets of Success: How Dynamic Capabilities Drive Innovation
Dynamic capability theory was evaluated using a successful company in a changing market. The study looked at how the company adapted and used its operational capabilities over time. The findings suggest that the company's success was due to factors like resource management, organizational routines, and leadership. The concept of dynamic capability in the company aligns more with ideas like knowledge management and organizational change. The study shows that managerial agency, or the ability of managers to make decisions and lead effectively, is crucial for success. The company's ability to sense, seize opportunities, and adapt is key to staying competitive.