Teece Framework

The Teece Framework, developed by David Teece, focuses on how businesses create, capture, and deliver value. It emphasizes the importance of dynamic capabilities—organizations' abilities to adapt, innovate, and respond to market changes. The framework highlights three key elements: sensing opportunities, seizing them, and transforming resources to achieve success. By understanding and managing these aspects, companies can navigate challenges and enhance their competitive advantage in ever-changing environments. Essentially, it's about making smart decisions to thrive in business by being flexible and responsive to new possibilities.