Case study:
In today's increasingly VUCA (Volatile, Uncertain, Complex and Ambiguous) world, it is important for firms to be able to quickly and accurately adapt to shifts in the marketplace or changes in technology. Dynamic capabilities are the routines and processes that enable companies to transform themselves and evolve with the times. By developing these capabilities that go beyond ordinary strategic capabilities, firms will be in a strong position to achieve a long-lasting competitive advantage (Mpia, 2019).
Article: Dynamic Capabilities: The Source of Competitive Advantage By Chrissy Culek, MPIA Researcher
Question:
In dealing with various organisational issues, professionals in organisational behaviour strive to turn their organisations into learning organisations. Learning organisations are regarded to be essential for effective change management, and in particular creating a culture of high performance through team learning and employee motivation. In the context of this statement, provide a detailed argument on fundamental characteristics of learning organisations and examine the benefits of learning organisations in relation to employee motivation and adapting to change for your organisation. Apply relevant examples related to monopoly organisations. Please reference Capitec Bank.