Conclusion

We have now examined why the RBV and capabilities approach is so important to understanding and delivering innovation; briefly reviewed the genesis and development of the approach; outlined the anatomy of a capability, and the nature of – and differences between – resources, competences and capabilities and their ‘core’ variants; and discussed knowledge assets as core capabilities. This free course Technological innovation: a resource-based view has enabled you to develop a critical understanding of the development, management and application of some of the most important capabilities of technological innovation.