Conventional RBV

Dynamic capabilities

Market environment

Stable industry structure, defined boundaries, clear business model

Ambiguous industry structure, blurred boundaries, fluid business model

Attributes

Complex, detailed, analytic routines that rely on existing knowledge

Simple, experiential routines that rely on newly created knowledge

Focus

Leverage existing resources and capabilities

Develop new resources and capabilities

Execution

Linear

Iterative

Organization

A tightly bundled collection of resources with stability

A loosely bundled collection of resources, which are frequently recombined