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
Business mathematics and econometrics, and extend to further advanced topics such as mathematical optimization and stochastic calculus. These programs do not include "Business mathematics" "per se". Where mathematical economics is not required, graduate economics programs often include "quantitative techniques", which covers (applied) linear algebra and multivariate calculus, and may include the above topics; regardless, econometrics is usually a separate course, and is dealt with in depth. Business mathematics Business mathematics is mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. Mathematics typically used in commerce includes