Analyze the Role of Knowledge Management, and Technology in the evolution of Dynamic Capabilities The ability...

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Analyze the Role of Knowledge Management, and Technology in the evolution of Dynamic Capabilities The ability for firms to learn is considered one of the strongest dynamic capabilities a firm can have. There is no improvement and moving forward for firms except through learning. If firms embrace this rigidness and do not allow for exploration and openness, they will not be able to adapt to market dynamism. Firms must have knowledge infrastructure to allow for the inflow and preservation of knowledge within them (Esterby-Smith & Prieto, 2008). DYNAMIC CAPABILITIES Resource-based view of the firm DCs as change in routines which reconfigure resources Impact of market and environmental dynamism on DCs KNOWLEDGE MANAGEMENT Learning underpins KM and DCs Exploration vs exploitation Knowledge infrastructure to enable DCs Knowledge-based view of the firm Prieto) IT solutions and tools for managing explicit knowledge (possession) Social processes for managing tacit knowledge (practice) KM strategy and tactics Figure 5 - Boundaries and overlaps of the dynamic capabilities and knowledge management fields (Easterby-Smith and I. M. Analyze the Role of Knowledge Management, and Technology in the evolution of Dynamic Capabilities The ability for firms to learn is considered one of the strongest dynamic capabilities a firm can have. There is no improvement and moving forward for firms except through learning. If firms embrace this rigidness and do not allow for exploration and openness, they will not be able to adapt to market dynamism. Firms must have knowledge infrastructure to allow for the inflow and preservation of knowledge within them (Esterby-Smith & Prieto, 2008). DYNAMIC CAPABILITIES Resource-based view of the firm DCs as change in routines which reconfigure resources Impact of market and environmental dynamism on DCs KNOWLEDGE MANAGEMENT Learning underpins KM and DCs Exploration vs exploitation Knowledge infrastructure to enable DCs Knowledge-based view of the firm Prieto) IT solutions and tools for managing explicit knowledge (possession) Social processes for managing tacit knowledge (practice) KM strategy and tactics Figure 5 - Boundaries and overlaps of the dynamic capabilities and knowledge management fields (Easterby-Smith and I. M.

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