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As a form of internal analysis, VRIO evaluates all the resources and capabilities of a firm. It was first proposed by Jay Barney in 1991. VRIO is an initialism for the four question framework asked about a resource or capability to determine its competitive potential: The question of value: Is this resource or capability valuable to the firm?
Dunamis is an ordinary Greek word for possibility or capability. Depending on the context, it could be translated as 'potency', 'potential', 'capacity', 'ability', 'power', 'capability', 'strength', 'possibility', or 'force' and is the root of modern English words dynamic , dynamite , and dynamo .
A national Capabilities Development Plan seeks to provide a global understanding of capability needs, capability trends and potential capability shortfalls. Military capability is often referred to in terms of low, medium and high, although this usually refers to the type, quantity and sophistication of technology being used in combat ...
The process capability index, or process capability ratio, is a statistical measure of process capability: the ability of an engineering process to produce an output within specification limits. [1] The concept of process capability only holds meaning for processes that are in a state of statistical control. This means it cannot account for ...
The process capability is a measurable property of a process to the specification, expressed as a process capability index (e.g., C pk or C pm) or as a process performance index (e.g., P pk or P pm). The output of this measurement is often illustrated by a histogram and calculations that predict how many parts will be produced out of ...
That which is potential can theoretically be made actual by taking the right action; for example, a boulder on the edge of a cliff has potential to fall that could be actualized by pushing it over the edge. In physics, a potential may refer to the scalar potential or to the vector potential. In either case, it is a field defined in space, from ...
An organization capability refers to the potential of the people in an organization and their cooperation to get things done. [9] The way leaders foster shared mindset, talent, change, accountability, and collaboration across boundaries define the company's culture and leadership edge.
The IMM adopts the five maturity levels from the CMM. According to SEI (1995): "Maturity in this context implies a potential for growth in capability and indicates both the richness of an organization’s implementation process and the consistency with which it is applied in projects throughout the organization."