Question: 1 . Define dynamic capabilities and explain their importance in today's business environment. ( 5 marks ) 2 . The core components of dynamic capabilities

1. Define dynamic capabilities and explain their importance in today's business
environment. (5 marks)
2. The core components of dynamic capabilities include sensing opportunities and
threats, seizing opportunities, and transforming. Briefly describe each component and
its significance. (10 marks)
3. How do dynamic capabilities contribute to a company's long-term sustainability and
competitive advantage? (5 marks)

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