<ul>
<li><a href="/en/Schumpeterian%20competition">Schumpeterian competition</a></li>
<li>The premise of <a href="/en/sustainable%20competitive%20advantage">sustainable competitive advantage</a> is not valid.
Gain temporary competitive advantage up the chain
Ability to change with the environment → Dynamic Capability</li>
</ul>
Ability to recombine resources <a href="/en/capability">capability</a>.
Making <a href="/en/routine">routine</a> a &quot;recombination process
Sensing and Sizing <a href="/en/David%20Thies.">David Thies.</a>.
<ul>
<li>sensing<ul>
<li>Ability to perceive opportunities and threats<ul>
<li><a href="/en/search">search</a> at [Carnegie school (of economics)</li>
</ul>
</li>
</ul>
</li>
<li>sizing<ul>
<li>Investing in distant business opportunities.<ul>
<li>Tend to avoid excessively due to high uncertainty</li>
<li><a href="/en/Knowledge-seeking%20investments">Knowledge-seeking investments</a></li>
<li>→Failure to → <a href="/en/competency%20lap">competency lap</a>.</li>
</ul>
</li>
</ul>
</li>
</ul>
Embedding management&#39;s sensing and sizing capabilities in the organization allows the organization to gain dynamic capability
Simple Rules Strategy <a href="/en/Kathleen%20Eisenhart">Kathleen Eisenhart</a>.
<ul>
<li>Ensure that only a limited number of simple rules are enforced as a routine.<ul>
<li>Flexible decision-making to suit the situation
Organizations gain dynamic capability by simplifying decision-making rules for organizational members</li>
</ul>
</li>
</ul>
<hr>
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