Applying Teece’s Dynamic Capabilities Framework to Family Life?
3 min readNov 30, 2020
The Dynamic Capabilities approach lies at the heart of the Resource-Based View (RBV) of the family.
Dynamic Capabilities Framework has emerged as a way for families to capture the dominant logic of value. Consequently, families need to develop a much more comprehensive view of the environment(s) in which they currently operate or in which they aspire to operate. The ‘components’ of these environments stretch well beyond in-laws and relatives. They include:
