The examples of a company's competitively valuable capabilities can vary depending on the industry and the specific company. Here are two examples:
1. Technological Innovation: One competitively valuable capability that a company can possess is technological innovation. This refers to the ability to develop and implement new and advanced technologies in its products, services, or production processes. For example, Apple is known for its innovative capabilities in developing and designing cutting-edge consumer electronics like the iPhone and iPad. By continuously introducing new features and functionalities, Apple stays ahead of its competitors and maintains its market position.
2. Strong Supply Chain Management: Another competitively valuable capability is a strong supply chain management system. This involves effectively managing the flow of goods and services from suppliers to customers. Companies like Walmart excel in this area by having a well-optimized and efficient supply chain. They can maintain low inventory levels, reduce costs, and ensure timely delivery of products to customers. By having a competitive advantage in their supply chain management, companies can achieve cost savings and offer competitive pricing to customers.
These are just two examples of competitively valuable capabilities, and there are many more depending on the specific industry and company. It is important for companies to identify and leverage their unique capabilities to gain a competitive edge in the market.