Lesson plan
Dynamic capabilities
In organizational theory, dynamic capability is the capability of an organization to purposefully adapt an organization's resource base. The concept was defined by David Teece, Gary Pisano, and Amy Shuen, in their 1997 paper Dynamic Capabilities and Strategic Management, as the firm's ability to engage in adapting, integrating, and reconfiguring internal and external organizational skills, resources, and functional competences to match the requirements of a changing environment. Teece (2007) refined the framework by identifying three clusters of dynamic capability: sensing (the capacity to identify and assess emerging opportunities and threats), seizing (the capacity to mobilise resources and commit investment to address opportunities), and transforming (the capacity to reconfigure the firm's tangible and intangible assets when the competitive environment shifts). With over 67,000 citations, the 1997 paper is among the most cited in the social sciences, and with over 260,000 total Google Scholar citations across his body of work, Teece is the most-cited scholar in business and management worldwide. He was named a Clarivate Citation Laureate in Economics in 2021. The term is often used in the plural form, dynamic capabilities, emphasizing that the ability to react adequately and timely to external changes requires a combination of multiple capabilities.
Article summary
In organizational theory, dynamic capability is the capability of an organization to purposefully adapt an organization's resource base. The concept was defined by David Teece, Gary Pisano, and Amy Shuen, in their 1997 paper Dynamic Capabilities and Strategic Management, as the firm's ability to engage in adapting, integrating, and reconfiguring internal and external organizational skills, resources, and functional competences to match the requirements of a changing environment. Teece (2007) refined the framework by identifying three clusters of dynamic capability: sensing (the capacity to identify and assess emerging opportunities and threats), seizing (the capacity to mobilise resources and commit investment to address opportunities), and transforming (the capacity to reconfigure the firm's tangible and intangible assets when the competitive environment shifts). With over 67,000 citations, the 1997 paper is among the most cited in the social sciences, and with over 260,000 total Google Scholar citations across his body of work, Teece is the most-cited scholar in business and management worldwide. He was named a Clarivate Citation Laureate in Economics in 2021. The term is often used in the plural form, dynamic capabilities, emphasizing that the ability to react adequately and timely to external changes requires a combination of multiple capabilities.
Key claims
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Discussion questions
- Summarise the article in your own words. Which single claim would you verify first, and why?
- Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
- If two sources disagreed about one of these facts, what would you need in order to trust one over the other?
Bibliography
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Key claims and bibliography are generated from the same tracked claims and sources as the article page.