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A business capability can also be made up of lower-level capabilities. For example, to have the capability to manufacture cars, an organization must have several lower-level capabilities, including the capability to manufacture engines and the capability to fabricate and assemble the bodywork of the cars.
Business executives and architects usually discuss the relative importance of different business capabilities from the strategic perspective, identify the capabilities requiring the most significant enhancements in the long run and then employ the so-called technique of heatmapping, i.e. explicitly highlighting or color-coding the business ...
VRIO (value, rarity, imitability, and organization) is a business analysis framework for strategic management.As a form of internal analysis, VRIO evaluates all the resources and capabilities of a firm.
A core competence is, for example, a specialised knowledge, technique, or skill. The core capability is the management ability to develop, out of the core competences, core products and new business. Competence building is, therefore, an outcome of strategic architecture which must be enforced by top management in order to exploit its full ...
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.. A competitive advantage may include access to natural resources, such as high-grade ores or a low-cost power source, highly skilled labor, geographic location, high entry barriers, and access to new technology and to proprietary information.
Often acting as a mid-point between the high-level business requirements and more detailed solution requirements. Functional (solution) requirements Usually detailed statements of capabilities, behavior, and information that the solution will need. Examples include formatting text, calculating a number, modulating a signal.
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