Innovation, Dynamic Capabilities, and Leadership
Paul J.H. Schoemaker, Sohvi Heaton, and David Teece
California Management Review
The world in which today’s businesses operate has become not only riskier but also more volatile, uncertain, complex, and ambiguous (VUCA). Organizations that hew too closely to traditional ways of operating will be hampered in their ability to succeed. In contrast, those that focus on new product and process developments coupled with business model innovation will leverage their dynamic capabilities.
Watch CMR's video on "Dynamic Capabilities in an Uncertain World."