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
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