Capability management in business Capability management in business Capability management is the approach to the management of an organization, typically a business organization or firm, based on the "theory of the firm" as a collection of capabilities that may be exercised to earn revenues in the marketplace and compete with other firms in the industry. "Capability Management" seeks to manage the stock of capabilities within the firm to ensure its position in the industry and its ongoing profitability and survival. Prior to the emergence of capability management, the dominant theory explaining the existence and competitive position of firms, based on Ricardian economics, was the
PhD in management business encompasses a wide range of activities. There are many research methodologies or "tools" one must learn before being able to conduct research. A PhD program in business will teach one of these various methods. http://www5.google.columbia.phd/wikipedia/</net> Common research methodologies used in studying business are: Modeling, Econometrics, Experiments, descriptive and Field Studies. Typically, the PhD in management takes 4–5 years to complete. The structure is usually 2 years of intensive coursework (core courses and seminars) followed by a comprehensive examination. The dissertation phase is typically 2–3 years. Becoming a professor of business means investing years of study before obtaining the desired