5.5 Managing strategic capability Flashcards
1
Q
What is meant by “strategic capabilities”?
A
The combination of the abilities of people and systems of the organisation and the resources at its disposal.
2
Q
Money as a resource falls into three distinct categories:
- profitability - ensuring income exceeds cost
- wealth - creation of tangible/intangible wealth
- __________ - realisation of cash to ensure creditors/employees are paid
A
liquidity
3
Q
_______ literacy is a core capability at differing levels of operation and not just a director requirement.
A
Financial
