Meaning ● Network Dynamic Capabilities, in the realm of SMBs, refer to the firm’s capacity to strategically create, modify, and deploy inter-organizational resources and connections to adapt to evolving business environments, driving automation and growth.
Descriptor and Scope ● These capabilities enable SMBs to proactively reshape their value chains through strategic alliances and technology adoption, enhancing operational agility and market responsiveness. A pivotal component involves assessing and integrating external technologies to automate processes, thereby boosting efficiency. Successful implementation requires SMBs to develop a keen understanding of emerging technologies and competitor strategies. Ultimately, network dynamic capabilities allow SMBs to not just react but also pre-empt changes within their business ecosystem, securing a competitive advantage through collaborative innovation and strategic automation.
