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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.
