Digitalization, sustainability, global competition, and geopolitical framework conditions pose new challenges for traditional industrial companies. In order to successfully address these with the identification, development, and realization of suitable business potentials, strategic innovation is required. Scientifically sound and with numerous practical examples, this book explains the necessary dynamic capabilities for organizations and shows a systematic approach to establishing and applying them. For decision-makers, the work serves as both a wake-up call and a solution for lasting success in the highly dynamic market environment of the 21st century.