Capability management in business quickly or would not be very different from competitors' capabilities). Enabling capabilities are distinguished from supplemental capabilities in that they are required, but do not necessarily add value to core capabilities. A business capability is "what" a company needs to do to execute its business strategy (e.g., enable ePayments, tailor solutions at point of sale, demonstrate product concepts with customers, combine elastic and non-elastic materials side by side, etc.). Another way to think about a capability is that it is an assembly of people, process and technology for a specific purpose. Capability Management is the active management, over time, of
European Foundation for Management Development European Foundation for Management Development The European Foundation for Management Development (EFMD) is an international not-for-profit association, based in Brussels, Belgium. Europe's largest network association in the field of management development, it has over 890 member organizations from academia, business, public service and consultancy in 88 countries (as of September 2017). EFMD provides a forum for networking in management development. EFMD operates the EFMD Quality Improvement System (EQUIS), which is one of the leading international systems of quality assessment, improvement, and accreditation of higher education institutions in management and business administration. It is comparable to its American equivalent Association to