Abstract
Overview: Artificial intelligence (AI) is rapidly transforming the business landscape, but limited research is available regarding how companies are responding and adapting to AI. Using dynamic capability theory, we hypothesized that companies would develop new dynamic capabilities to seize AI opportunities. Our analysis of qualitative data from six major Chinese construction companies revealed that these companies’ existing dynamic capabilities are key to adopting and adapting AI technology for business model innovation. We developed a dynamic capability model that describes how companies use their existing dynamic capabilities for sensing AI, seizing AI, and transforming to leverage AI for business model innovation. Our research bridges the gap in understanding the relationship between AI adoption, existing dynamic capabilities, and AI adaptation. Integrating AI is not as daunting as it may seem. Companies, practitioners, and other stakeholders can transition into AI, starting with their existing capabilities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.