Resources and Capabilities

Abstract

In addition to being an outstanding painter, draughtsman and sculptor, Leonardo da Vinci conceived the helicopter, the parachute, the automobile and the submarine, among other things, more than 400 years ago. But he was never able to make them. He did not possess the resources and the capabilities to make them. A company can imagine the best of strategies, but if it does not have the resources and capabilities to put its strategic vision into practice that vision will lie dormant like those ideas of Leonardo’s, until this company has sufficient resources and capabilities — or until some other firm that does have them catches on to the same strategy.