| 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 |