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Dynamic Capabilities: A Guide For Managers
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This article presents the Dynamic Capabilities Framework, which gives a prominent intellectual infrastructure for both theoretical and applied analyses of strategic management and other issues facing business makers. The popular management theory outlined here discusses the growing importance of intangible assets, the differences between intangible and physical assets, and the three clusters of activities and adjustments that define dynamic capabilities — sensing, seizing, and transforming — as illustrated with the example of various Apple products.