The Best Opportunity-detection Technology

Nowadays the predominant paradigm to explain competitive advantages is David J. Teece’s Dynamic Capabilities Framework. Teece (1997) defines dynamic capabilities as “the firm’s ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments”.

According to this approach, competitiveness is no longer a matter of securing the possession or control of valuable, rare, inimitable and non-substitutable resources that allow the company to design and put into practice strategies that are difficult for competitors to copy, but a matter of being able to renew its capabilities in line with the changing business environment, adapting, integrating, and reconfiguring internal and external organizational skills, resources, and functional competences to match the requirements of a volatile, uncertain world.