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A conceptual and theoretical approach is being made in this paper of a tacit dynamic ability being currently dealt with in scientiic literature on the subject of resources and capabilities which have not so far been looked into with due thoroughness: The responsiveness, the ability to face up to opportunities, threats and crises having an exogenous origin. This capability is essential in a competitive world such as today's and, above all, in those countries working within an open economy setting. A survey is thus being conducted in this paper of the particular capabilities making up this ability, such as the setting-addressed surveillance, the way how reactions are being designed and applied. Further on, this paper includes two examples showing the way how some Colombian companies are managing such a capability. [ABSTRACT FROM AUTHOR]

The theoretical transition being apparent in the analysis of internal competitive advantage sources is being dealt with in this paper. A theoretical approach is being applied which is focused on those processes allowing companies to upkeep and enhance their competitiveness, become adapted to changes, and become able to foresee changes in the market. This survey shows the eclectic nature of dynamic capacities bringing in dynamic elements into static-nature theories, and further addresses the biases being apparent in these two approaches both in the theoretical setting and in the managerial practice. This survey also looks into the generation, development and change processes pertaining with operational resources Dynamic capabilities help generate higher income and maximise innovation and strategic development. [ABSTRACT FROM AUTHOR]