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
Indian Institutes of Management behavioural science, finance, economics, human-resource management (HRM), management sciences and information technology, marketing, business operations, business mathematics, public policy, statistics and decision analysis, strategy, and general management. Since 2006, some IIMs have started offering one-year, full-time post graduate diploma programmes for professionals having approximately 5 years or more of work experience. This program was necessitated because the normal 2-year program is primarily aimed at new graduates or graduates with less than 4–5 years of work experience. These 1 years programmes are general, fully integrated management programmes with no specialization, and typically include the same courses as offered in a typical