Organizational Adaptiveness and Dynamic Capabilities Flashcard

Front

What does organizational ambidexterity refer to?

Back

The ability to manage both existing core businesses and pursue new opportunities

Front

According to the text, what is critical to sustaining competitive advantage? Options: Focusing only on existing resources, Exploring new opportunities without exploiting existing ones, Ignoring market changes, Organizational ambidexterity

Back

Organizational ambidexterity

Front

What is a potential risk of focusing too much on short-run effectiveness?

Back

It can hinder long-term adaptability

Front

What happened to Blackberry when smartphones were introduced?

Back

they lost their customer base rather quickly

Front

What two things are required for Organizational Ambidexterity to work?

Back

Exploiting and Exploring

Front

What are dynamic capabilities?

Back

The ability to adapt, integrate, and reconfigure resources to match changing environments

Front

What is the role of senior management in organizations with dynamic capabilities?

Back

To sense changes in the competitive environment and act on opportunities and threats

Front

What is the benefit of exploiting existing resources?

Back

It frees resources for exploring new opportunities

Front

What applies to formulating strategy as well as executing it?

Back

Dynamic Capabilities

Front

What is a key task for managers in organizations with dynamic capabilities?

Back

To accurately sense changes in the competitive environment