Question: Question 4 (10 Marks) Various authors view dynamic capabilities as a higher order of resource. The reason for this is that dynamic strategies strive to

Question 4 (10 Marks)

Various authors view dynamic capabilities as a higher order of resource. The reason for this is that dynamic strategies strive to develop new distinctive capabilities rather than focusing only on what the organisation can do well.

Considering the statement above, explain the concept of the capability life cycle (CLC) and how it builds on the idea of dynamic capabilities.

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