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The Dynamic Capability of FirmsUnder the dynamic and complex environment, firms can renew and maintain their valuable resources to valuable competitive advantage or organizations survival (O’Reilly and Tushman, 2007; Smith and Prieto, 2007; Ambrosini and Bowman, 2009). These are the essential concepts of dynamic capability of firms. It draws from the work on organizational routine, core competence and core capability building (Makadok,
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