distinctive capabilities

distinctive capabilities

the particular skills and attributes possessed by a firm which form the basis of sustainable COMPETITIVE ADVANTAGES over rival suppliers. Strategists emphasize three key competencies: innovative ability - the capability to bring out a succession of ‘leading edge’ new technologies and products; reputation/image - the accumulated qualities that make a firm ‘stand out from the crowd’; architecture- the ‘networking’ of input suppliers and customers through the cultivation of close and mutually beneficial dealings See CORE SKILL or COMPETENCY, RESOURCE BASED THEORY OF THE FIRM, VALUE CHAIN ANALYSIS.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson