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
Professional Petroleum Data Management Association A Well?" definitions are a "Rosetta stone" framework for the petroleum industry. Professional Petroleum Data Management Association The Professional Petroleum Data Management Association (PPDM Association) is a global, not-for-profit organization that works collaboratively within the petroleum industry to create and promote standards and best practices for data management. The Association’s vision is the global adoption of data management standards and best practices throughout the upstream (exploration and production) petroleum industry. The focus of the Association is: Historically, petroleum data has been managed and analyzed using many different proprietary systems. These systems are typically built based on local terminology and business