"An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competetive advantage."
Organizational Capability – Ability of an organization to effectively manage and utilize the resources to improve business performance, meet customer demands, and gain a competitive advantage.
An organization’s capability has a direct impact on business results. It is imperative to build your organizational capabilities and make it a top priority. A couple of key areas to focus on.
People – Employee training & development is a key factor that enhances organizational capabilities. A consistent approach to improve employee skills gives a major boost to the foundation of the organization and helps drive internal processes effectively and improve business performance. Ensure that the training programs focus on developing capabilities that are crucial to your organization’s performance.
Operations – How you operate your business matters. Streamlining operations eliminates redundant steps to improve efficiency. Having a continuous improvement approach will help manage the operational workflows better. Managing these workflows efficiently and effectively will help reduce costs, improve profit margins & competitive strength.
Identify capabilities that will improve your business performance. Gain a competitive advantage by building strong organizational capabilities.