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New business model,
quick reactions in changing market
Why some companies are able to react faster to the market changes than others? A short presentation on areas that needs some thinking in order to prepare a good competitive advantage to any company. By combining business foresight and dynamic capabilities it is possible to create a effective tool for your company. This tool can give a great view to Management Board or Board of directors. This also supports the strategy work of the company as well as challenges it.
This eMBA study concentrates to the areas the company needs to develop in order to create better dynamic capabilities to the company and use it as a SCA of the future opportunities.
Dynamic capability is a "young" area for studies. It gives a good new view to the management. There are several academic publications available from the topic.
Dynamic capability needs to be managed in order to create value for the company. The entrepneurialship has a great role among management but also needed in order to gain results as a profitable company. With created tool it is easier to discuss focus areas in the group of directors and board level.
Dynamic capabilities need management focus in order to be implemented effectively.
LEARNING: The dynamic capability of the company reflect the entrepreneurial facet of management.