Abstract
Problem statement: The study has mainly been created to present a study on the significance of dynamic capability thereby stressing on the factors that can be dealt with in organizations through the use of dynamic capabilities. Approach: The literature review illustrates the effects of dynamic capabilities on managerial decisions and resource allocation. Results: The study reveals that the use of dynamic capabilities enables an organization to use strategic measures that prevent them for negative impacts; rather they are assisted through the availability of appropriate measures in achievement of organizational goals. Dynamic capabilities have shown to focus on appropriate selection and allocation of resources and decision making by the organizational leaders and managers. Conclusion: The study of dynamic capability can be said to be an important contribution in the researches made on organizational issues and for the success of different companies.
Highlights
Literature review and proposition development:A resource-based view of a firm aids in the development of theory on the dynamic capabilities of the firm
As different resource-based views reflect, Dynamic capabilities and managerial decision: The most important managerial decision in a firm is to allocate resources that involve allocation of finances, human resources, assets, products, services, customers, organizations may be capable of achieving competitive distribution and every other feature that lead to a firm’s advantage on a continuous basis through the availability success
The resource allocation processes of an of resources that are important, exceptional, organization can be viewed as a dynamic capability incomparable and that which cannot be substituted
Summary
Literature review and proposition development:A resource-based view of a firm aids in the development of theory on the dynamic capabilities of the firm. As different resource-based views reflect, Dynamic capabilities and managerial decision: The most important managerial decision in a firm is to allocate resources that involve allocation of finances, human resources, assets, products, services, customers, organizations may be capable of achieving competitive distribution and every other feature that lead to a firm’s advantage on a continuous basis through the availability success.
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