Assessing internal capabilities involves a thorough analysis of various aspects of the business. This can be done through tools like SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), resource audits, and capability reviews. Key areas to evaluate include:
Human Resources: The skills, experience, and motivation of employees. Technological Resources: The technology and systems in place to support operations. Financial Resources: The financial health and funding capacity of the business. Physical Resources: The physical assets, such as buildings and machinery. Intellectual Property: Patents, trademarks, and proprietary knowledge.