A Big Picture of Dynamic Capabilities

Abstract

This paper discusses Dynamic Capabilities (DC) models presented in some earlier previous studies. The author shows that there are many fundamental and good thoughts that need to be organized and clearly specified in a full and comprehensive framework. The paper contributes by introducing a new framework for DC using an updated set of components. Also this paper provides another model that reflects DC from higher level perspective, whereas other issues such as strategic alignment and leadership are clearly included. The paper also contributes by provision of the whole understandable process of how DC can be formed.