Briefing 80 explained briefly that a capability is the ability to get something done – fast, well and cheaply. To clarify the difference between resources and capabilities it is worth noting the same classification of asset stocks we used when explaining intangible resources in Briefing 73 (Figure 1).
Figure 1: A classification of resources and capabilities. (Click image to view larger)
Capabilities are asset-stocks, but not resources. They accumulate ...Continue Reading →