How do dynamic capabilities contribute to the strengthening of innovation?3 answersDynamic capabilities contribute to the strengthening of innovation by enabling firms to adapt and respond to fast-changing environments, orchestrate assets, and create new capabilities. CEOs play a crucial role in driving innovation by utilizing their individual-level dynamic CEO capabilities (DCCs). These DCCs facilitate firm-level innovation, and the influence of powerful CEOs on innovativeness is contingent on the type of CEO power. Innovation capabilities, such as participatory leadership culture and individual activity, directly impact market performance. Additionally, intellectual capital positively relates to innovation ambidexterity through dynamic capabilities, and firms with an innovation orientation are more likely to leverage dynamic capabilities for innovation ambidexterity. Technological innovation capabilities, which are part of dynamic capabilities, support competitive advantage and the survival of organizations. By understanding and leveraging dynamic capabilities, firms can enhance their ability to innovate and achieve a competitive advantage in the market.
What are the different definitions of dynamic capabilities?3 answersDynamic capabilities have been defined in various ways in the literature. Nooteboom describes dynamic capabilities as an interdisciplinary subject that is centered around knowledge, particularly diversity of knowledge and its management within organizations. Yudistira et al. define dynamic capabilities as an organization's ability to integrate, build, and rearrange its internal and external competencies to adapt to a rapidly changing environment. Evayani et al. explain dynamic capabilities as a company's ability to change and adapt to the changing environment, with applications in various aspects such as marketing, production, resources, and accounting. Another definition provided by Cristofaro and Lovallo conceptualizes dynamic capabilities as organizations' ability to integrate, build, and reconfigure competences to adapt to changes and solve problems of evolutionary fitness. Overall, dynamic capabilities encompass the ability to sense and form opportunities, seize existing opportunities, maintain competitiveness, and orchestrate assets to create new capabilities.
How do dynamic capabilities impact sustainable supply chain management?5 answersDynamic capabilities have a significant impact on sustainable supply chain management. The studies show that different dynamic capabilities have different implications for firm growth and sustainability performance. Internal green supply chain management capabilities and green political capabilities positively affect firm growth and sustainability performance. In the context of product-service systems (PSS) supply chain, innovative service delivery and sustainable product-service capability positively contribute to sustainability performance. In the ready-made garments (RMG) production industry, social sustainability, management capabilities, and technological capabilities have a positive influence on competitive advantage (CA). Supply chain dynamic capability and supply chain operational capability have a significant impact on firm performance and can help in achieving sustainable planning and preparedness. Digital supply chain capabilities (DSCCs) play a crucial role in improving resilience, agility, and robustness practices, which in turn foster the implementation of sustainable supply chain practices and competitive advantage.
What are the types of dynamic capabilities?5 answersDynamic capabilities refer to a company's ability to adapt and respond to a rapidly changing environment. There are several types of dynamic capabilities identified in the abstracts. One type is the ability to sense and form opportunities and threats, which involves the capacity to identify and understand market changes and potential risks. Another type is the ability to seize existing opportunities, which involves taking advantage of identified opportunities to gain a competitive advantage. Additionally, dynamic capabilities include the capacity to maintain competitiveness through upgrading, merging, protecting, and reconfiguring business assets, both tangible and intangible. Sensing and reconfiguring capabilities are identified as core dynamic capabilities that drive the development of different types of innovations, such as product, process, and management innovations. Therefore, the types of dynamic capabilities include sensing, seizing, and maintaining competitiveness through asset management and innovation.
What are components of green dynamic capabilities?5 answersGreen dynamic capabilities consist of several components. These include sensing capabilities, which involve the ability to identify and understand environmental challenges and opportunities. Seizing capabilities are another component, which refer to the ability to take advantage of these identified opportunities and convert them into innovative green products or processes. Reconfiguring capabilities are also part of green dynamic capabilities, which involve the ability to adapt and change internal processes and resources to align with green objectives. Additionally, knowledge sharing ability and absorptive capacity are important factors that contribute to the development of green dynamic capabilities. These capabilities enable companies to acquire and integrate knowledge related to green innovation, which in turn enhances their ability to develop and implement sustainable practices. Overall, the components of green dynamic capabilities encompass sensing, seizing, reconfiguring, knowledge sharing ability, and absorptive capacity.
How does dynamic managerial capabilities foster supply chain resilience?4 answersDynamic managerial capabilities foster supply chain resilience by improving structural adaptability, organization design, functional leader negotiations, and workforce communications. These capabilities enable managers to design and implement organizational change initiatives that enhance responsiveness in the supply chain. By developing a workforce communication capability, managers can create a foundation for organizational adaptability, leading to improved supply chain responsiveness. Additionally, digital adaptability and agility, influenced by government support effectiveness, play a crucial role in enhancing supply chain resilience. The ability to adapt and collaborate with supply chain members, as well as the flexibility and redundancy of omni-channel retailers, also contribute to supply chain resilience. Inclusive purchasing programs and sustainability actions further enhance supply chain resilience by amplifying operational capabilities such as visibility, adaptability, collaboration, financial strength, and empowerment.