Explain How "Dynamic Capabilities" Can Help a Small Business Grow

question 37

Essay

Explain how "dynamic capabilities" can help a small business grow and be successful.

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Definitions:

Post-Formal Thought

A stage of cognitive development going beyond Piaget's formal operational stage, characterized by the ability to deal with complex situations and think critically.

Logic with Intuition

The combination of reasoning based on structured principles (logic) and instinctive understanding or insight (intuition).

Conflicting Facts

Situations where available evidence or information contradicts itself, presenting a challenge for understanding or decision-making.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.