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ability

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capacity capability resource competitive advantage sustainable competitive advantage VRIN Framework

Definition

From Helfat et al (2007, 37, 121): Capability refers to the capacity to perform a particular task, function, or activity. A capability, dynamic or otherwise, implies a potential for action. A capability is the ability to perform a particular task or activity. The word ""ability"" refers to the power or capacity to act. But until the capability is exercised, the action remains latent.