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
ProFIT-MAP methodology Menawat & Co. has a trademark for ProFIT-MAP for consulting services and a brand of software. Manufacturing and business services Activity-based costing Balanced scorecard Benchmarking Business planning Business process improvement Capital investment planning Continuous improvement Corporate or divisional strategy Design for manufacturability Economic value added Financial modeling Flexible manufacturing Human resources management Lean manufacturing Lean operations Management accounting Mergers and acquisitions Process design / redesign Performance management Product design Product planning Research and development Risk analysis Six Sigma Sourcing decisions (e.g., insourcing, outsourcing, offshoring) Strategic management Supply chain management Theory of Constraints Toyota Production System Value Stream Mapping ProFIT-MAP methodology