What are the resources and capabilities of a company?

Resources are the organization’s assets, knowledge and skills. Capabilities can be defined as the organization’s ability to effectively make use of its resources.

What are the 4 resources a business needs?

Types of Company Resources

  • Financial Resources.
  • Human Resources.
  • Material Resources.
  • Intellectual Resources.

What are the resources of a company?

What Is a Resource? In the context of business and economics, a resource is any factor that’s necessary to accomplish a goal or carry out an activity. In short, they are the components that a business needs in order to do business. Resources often include employees, working space, equipment, or capital.

What are examples of capabilities?

When a person can cook, this is an example of a situation where he has the capability to cook. When a computer can open a file, this is an example of a situation where the computer has the capability to open the file. A talent or ability that has potential for development or use. A student of great capabilities.

What are a company’s capabilities?

Company capabilities or enterprise business capabilities are what a business does and can do and is an encapsulation of end-to-end functions into an abstraction that is agnostic to the underlying process and supporting system.

What are the capabilities of a company?

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.

What are some examples of resources?

Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a ‘Resource’. The value of each such resource depends on its utility and other factors.

What are the capabilities of a business?

“A business capability, or simply a ‘Capability’, defines what a business does.” “[A business capability is] a particular ability that a business may possess or exchange to achieve a specific purpose.” So, a business capability is what a business does and its ability to do something.