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  5. Build Eight Dynamic Capabilities for Digital Business Model Change

Build Eight Dynamic Capabilities for Digital Business Model Change

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2021_0801_DynamicCapabilities_WoernerOwensBeath.pdf

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Author(s)
Woerner, Stephanie L.
•
Owens, Leslie
•
Beath, Cynthia M.
Date Issued
August 19, 2021
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Citation
Woerner, Stephanie L., Leslie Owens, and Cynthia M. Beath. “Build Eight Dynamic Capabilities for Digital Business Model Change.” MIT CISR Research Briefing Volume XXI, no. 8 (August 2021). https://dspace.mit.edu/handle/1721.1/174967.
Series/Report no.
MIT CISR Research Briefing, Vol. XXI, No. 8
Abstract
To create new types of value, organizations cannot just leverage existing strengths; they must also innovate to leverage powerful, readily accessible technologies. Dynamic capabilities underpin the ability to develop and sustain competitive advantage. Companies with strong dynamic capabilities are able to pivot during a crisis, develop new digital offerings, and experiment with new digital business models. This briefing, employing a theoretical perspective, describes and analyzes the eight dynamic capabilities needed for digital business model change, and presents data on how top performers execute on the capabilities.
Subjects
Assessing Performance and Value
Business Models
Terms of Use
CC BY-NC 4.0 (Attribution-NonCommercial 4.0 International)
https://creativecommons.org/licenses/by-nc/4.0/
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https://dspace.mit.edu/handle/1721.1/174967
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