I have the impression that, the additional notions as compared with the core competence model are related to the concern of "dynamic" in dynamica capability thinking. It is dynamic because it pays attention on how to dynamically manage a company's capability to make it more viable in a dynamic external environment. The basic model that I could discern from the literature is depicted in the following diagram:
For multinational corporations, as its resources (including its dynamic capability) are scattered in various countries, the dynamice capability process needs to deal with the concerns of capability transfer, capability integration, and capability sourcing from different countries where specific country-specific assets (e.g. intangible assets) are embedded in them. MNC's dynamic capability processes will, in turn, affect the external environments in the host countries where the MNCs have business activities.
References
- Dunning, J.H. and Lundan, S.M. (2008) "The Institutional Origins of Dynamic Capabilities in Multinaional Enterprises", Whitepaper. (re: http://eiba2008.ttu.ee/public/Papers/73.pdf)
- Helfat, C.E., Finkelstein, S., Michell, W., Peteraf, M.A., Singh, H., Teece, D.J., and Winter, S.G. (2007) Dynamic Capabilities, Blackwell Publishing
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