Definition - Capability

A team or company’s combination of skills, competencies, knowledge, processes, tools, and behaviors that allows them to Carry Out particular activities or achieve certain goals. Capabilities create the outcomes that customers are paying for.

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EXAMPLE

Marine Infantry must be able to carry an Assault Load of 70 pounds (lbs) (+/-10 percent) with additional organic weapons and mission essential equipment, move 32 kilometers (km) in a time limit of 8 hours, with 95 percent of the force remaining mission capable. (9/2018 Standard)


 

What capabilities are required to win is the fourth of the five interlinked questions that define your strategy. This drives strategic decisions through all levels of operations and organizational development. These capabilities are broken down into specific standards, training, certifications (internal and external), and ongoing development to support execution of your strategy. These must be integrated across your whole business model and throughout every job role

 


Definition - Capability
Building a project requires knowledge of, and skill in using thousands of construction-specific definitions, acronyms, and metrics. Building a business including the development of people has its own vocabulary forming the foundation of communication....

Definition - Capability
Building a project requires knowledge of, and skill in using thousands of construction-specific definitions, acronyms, and metrics. Building a business including the development of people has its own vocabulary forming the foundation of communication....

Benchmarks Only Tell a Partial Story
As the leader of a contracting business, you must be constantly focused on the basic scoreboard metrics of customer satisfaction, profitability, and cash flow. What’s a good number? What are others doing?
Definition - Business Development (BizDev)
The process of creating new business opportunities through targeted networking, education, and awareness-building activities.
Market Share and Margins (Economic Theory and Practice)
When evaluating or deciding on a market strategy, it is helpful for contractors to understand some economic theories and real-world examples of how margins and market share relate to each other.