3.0 Concepts 3.1 Resources and Capabilities In order to achieve and sustain competitive advantage, a business needs both resources and capabilities. Resources are assets that are owned or employed by an organization. The organization utilizes and uses these assets to carry out their business operations. Resources can be grouped either tangible assets or intangible assets. Capabilities are complex skills or ability that a firm develops with time to perform business operations competently and utilize their resource effectively.
Competence relates to your skill set and applicable know-how when it comes to completing on the job tasks and fulfilling work-related duties (Cardon, 2013). Proving that you're capable will make you more reliable, where superiors and coworkers can depend on you to do the work that's assigned to you. Continued success on the job cements your efficiency and effectiveness.
Competency A competency is the capability to apply or use a set of related knowledge, skills, and abilities required to successfully perform critical work functions or tasks in a defined work setting. Competencies often serve as the basis for skill standards that specify the level of knowledge, skills, and abilities required for success in the workplace as well as potential measurement criteria for assessing competency attainment. Competencies: Although the definition appears to vary widely competencies are typically defined as a combination of knowledge, skills, abilities anr individual characteristics (often called KSAOs; including but not limited to motives, personality traits, self-concepts, attitudes, beliefs, values, and interests) that can be reliably measured and that can be shown to differentiate performance. Competency management help the organizations to develop training plansack centered on company needs. The company also benefits in improved employee retention.
The purpose of this research is to educate or inform people, who are working or about to work in the field of business, about professionalism in the business industry because it is extremely complex and important. Besides from wearing proper attire or having higher education, many set standard of procedures must be abided by to be recognized as professional (Beaton, 2010; Granowski, 2012). As Granowski and Beaton suggests or implies, professionalism is not easy to acquire because it exists for the purpose of satisfying the customers, who are individuals with various and unique personalities. The goal of business is to make profit. As long as customers desire and expect professional service, business must be able to provide that.
The study depicts that 60% of patients got relief from the Homoeopathy medicines and this is not a small number. The most effective remedies during the study were Arsenic Album, Ipecacuanha , Antimomium Tart, Natruim Sulphurica, Pulsatilla Pratensis, Belladonna, sulphur, Lycopodium Clavatum ,Nux vomica ,Natrium Muriaticum. There were no side effective during the treatment and it can be concluded that homoeopathic medicines can be help the patients to take a new lease on life. During the study it was observed that in almost all the cases the homoeopathic medicines responded well and the patient not only got rid of the main complaints of Bronchial Asthma but also got rid of the associated complaints with restoration of health. With the help of use of homoeopathic medicines severe complication was avoided.
The more unique, valued and firm focused the resources are, the more probably the firm will have core competency. Resources should be used to build on the strengths and remove the firm’s weaknesses. Capabilities refer to organizational skills at in cooperating its resources so that they can be used more capably and effectually. Organizational capabilities are generally a result of organizational system, processes and control mechanisms. These are intangible in nature.
As I conclude Johannesburg city really shaped me as a person and adjusted me to be able to adapt with the city environment and life style and now I can be able to function as anyone else in the city. References  Mzamane, M.(1981). “My Cousin Comes To Jo’burg”, in the short stories of Mbulelo Mzamane, Johannesburg : Longman. Page 3  Mzamane, M. (1981) “My Cousin Comes To Jo’burg”, in the short stories of Mbulelo Mzamane, Johannesburg : Longman. Page 7  Mpe, P. (2001).