Meaning ● Dynamic Capabilities in the SMB (Small and Medium-sized Business) arena represent a firm’s ability to purposefully create, extend, or modify its resource base. Such aptitude enables SMBs to sense and seize opportunities within rapidly evolving markets, especially vital when scaling business growth. ● Automation, as a strategic implementation, leverages dynamic capabilities for SMBs to optimize processes, enhancing efficiency and responsiveness to market shifts, leading to improved performance. Dynamic capabilities SMB, therefore, highlights how these adaptive competencies enable SMBs to overcome resource constraints and compete effectively with larger entities in turbulent conditions. Dynamic capabilities involve organizational and strategic routines by which firms achieve new resource configurations as markets emerge, collide, split, evolve, and die. For SMBs, effectively implementing dynamic capabilities requires balancing exploration and exploitation of existing resources. These implementation processes are not only about technology, but also about creating an agile organizational culture and management practices. ● Consider the aspect of Digital Transformation: To secure a place in competitive landscape, SMB must constantly sense and reshape their operational foundation by means of integrating the technology available. The successful integration will result in an improved place in the market, withstanding economical and technological challenges.
