BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Capabilities are a set of resources that can be used to meet a business’s needs. They include physical assets such as buildings, equipment, inventory, employees’ skills and knowledge, and organizational structures and processes.

Detailed explanation-2: -What are internal capabilities? Internal capabilities are any task or procedure that an organization’s in-house teams are able to effectively accomplish. Doing an internal capabilities assessment allows you to find strengths and weaknesses.

Detailed explanation-3: -The foundation of many capabilities lies in the skills and knowledge of a firm’s employees and, often, their functional expertise. Hence, the value of human capital in developing and using capabilities and, ultimately, core competencies cannot be overstated.

Detailed explanation-4: -Capabilities define what your business does or can do, not how it does it or who is doing it. They are different from business processes, functions, services, organization units, or IT systems, although these may all contribute to a capability.

Detailed explanation-5: -Capabilities are things a firm can do, such as deliver good customer service or develop innovative products to create value. Both are the building blocks of a firm’s plans and activities, and both are required if a firm is going to compete successfully against its rivals.