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Dynamic Capability and Adaptive Strategies. Navigation business environments for long-term success
Robert Wanyama
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Sozialwissenschaften, Recht, Wirtschaft / Sonstiges
Description
Research Paper (undergraduate) from the year 2023 in the subject Business economics - Miscellaneous, , language: English, abstract: This study allows for an exploration of how organizations can develop dynamic capabilities to adapt swiftly to changing market conditions while concurrently crafting strategies that provide a sustainable competitive advantage. It involves understanding how businesses can embrace flexibility, innovation, and agility in their operations and decision-making processes to stay resilient in the face of evolving challenges and opportunities. The examination of dynamic capabilities, which refers to an organization's ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments sheds light on how firms can maintain a competitive edge over the long term. The integration of adaptive strategies within this context highlights the importance of continuous learning, strategic foresight, and a proactive approach to ensure sustained success in today's dynamic business landscape. Man is always in the state of becoming and this emphasizes the dynamic and evolving nature of human existence. It underscores the importance of continuous learning, adaptation, and personal growth. The environment, comprising various influences and challenges, serves as both a catalyst and a backdrop for this ongoing process of becoming. Embracing this philosophy can lead to a more enriched and fulfilling life journey.
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strategies, adaptive, capability, dynamic, navigation