6Acquisition of Dynamic Innovation Capabilities
What Makes Dynamic Capabilities Effective?
A company's dynamic capability is commonly viewed as a capacity to sense, shape, and seize dynamic environmental changes to maintain the company's competitiveness based on resources (Teece, 2007). Thus, the capability facilitates the adaptation of resources to environmental requirements. Pehrsson (2019) draws from the dynamic capability view and evaluates the effectiveness of a company's dynamic capabilities in terms of innovativeness and responsiveness. The study results deepen the understanding of the relationship between a company's strategic orientation and performance. Innovativeness represents entrepreneurial orientation ...
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