Dynamic Capability Approach Increasingly Gains Its Popularity in the Strategic

question 17

Multiple Choice

Dynamic capability approach increasingly gains its popularity in the strategic management field: Please select all that apply.

• A) Organizations have to constantly develop new capabilities as old ones become less effective.
• B) Dynamic capabilities allow an organization to sustain competitive advantage based on market barriers.
• C) Dynamics of organizational capabilities are determined by the change in organizational strategy.
• D) Organizational capabilities co-evolve with the market.

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Definitions:

EU

The European Union, a politico-economic union of 27 member states that are located primarily in Europe.

Euros

The European Union's official currency, used by 19 of the 28 EU member countries, known collectively as the Eurozone.

U.S. Dollar

The U.S. Dollar is the official currency of the United States, widely used as a benchmark in global financial markets.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others, leading to more efficient trade and production distribution.