Modification of reshaping and updating capabilities

Question

Illustrates the modification of reshaping and updating capabilities and competences?

Answer 1

Reshaping and updating capabilities and competences as external conditions and company strategy alteration:

Capabilities and competencies which grow decayed can damage competitiveness unless they are modified, refreshed, or even put backed in response to ongoing market alterations and shifts in company strategy. Thus, it is suitable to outlook a company as a bundle of evolving capabilities and competences. Management’s organization-making challenge is one of deciding when and how to re-standardize obtainable capabilities and competences and when and how to develop new ones. Although the task is formidable, ideally it generates a dynamic organization.