Meaning ● Dynamic Capability Development, in the context of SMBs, refers to the ongoing process of building and adapting an organization’s ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing business environments. A key aspect is its relevance to automation and the implementation of new technologies, enabling SMBs to not only react to shifts in the market but also proactively shape their competitive advantage through continuous innovation and operational improvements. ● This necessitates a focus on sensing new opportunities, seizing them efficiently, and reconfiguring resources as needed. Considering the resource constraints typically faced by SMBs, strategic automation becomes central to optimizing this process. ● Effectively developing dynamic capabilities allows SMBs to achieve sustainable growth by creating flexible operational models that are ready for continued scaling. It allows for more streamlined implementation of new processes and systems, enhancing efficiency and agility.
