Strategic Capabilities
Strategic capabilities refer to the unique strengths and resources that an organization possesses, enabling it to achieve its long-term goals and maintain a competitive advantage. These capabilities can include a skilled workforce, advanced technology, strong brand reputation, and effective management practices. By leveraging these strengths, organizations can respond effectively to market changes and challenges.
Developing strategic capabilities involves continuous investment in training, innovation, and process improvement. Organizations often assess their capabilities through tools like SWOT analysis to identify areas for enhancement. By focusing on their strategic capabilities, companies can better position themselves in their respective industries and drive sustainable growth.