A business capability is an acquired and organized "ability" within a company and takes hard work to put in place.

In general, a Capability consists of Knowledge, Organization, Process, and Technology. The aforementioned are generally considered to be 'enablers' or 'resources'. Capability = capacity (inward strength) + ability (outward to do things), Capabilities, along with its associated attributes are generally depicted in a meta-model. The meta-model has many more elements, the related attributes may include:
1) Owner (org units owning)
2) Lifecycle (emerging, proposed, production, retired) Status
3) Maturity Level
4) Business Value (Cost, Revenue produced, ROI)
2) Lifecycle (emerging, proposed, production, retired) Status
3) Maturity Level
4) Business Value (Cost, Revenue produced, ROI)
5) Strategic Alignment
6) Return on Investment
7) Supporting Business Functions (de-composition)
8) Processes associated with capability
9) Supporting Business Services
10) Supporting Applications
11) Programs/Initiatives/projects delivering/enhancing capability
12) Resilience, associated enterprise risks, constraints
7) Supporting Business Functions (de-composition)
8) Processes associated with capability
9) Supporting Business Services
10) Supporting Applications
11) Programs/Initiatives/projects delivering/enhancing capability
12) Resilience, associated enterprise risks, constraints
13) Skills Fit
14) Knowledge (internal/external)
15) Data Quality
16) Agility
17) Optimization
18) Opportunities to improve
19) Culture and Forms of Communications
20) Policies/Routines

A business capability is an acquired and organized "ability" within a company and takes hard work to put in place; it can therefore not be transferred because of the degree of organizational learning and organization that goes with it. Besides functional capabilities, an effective enterprise today needs to cultivate a set of digital/change capabilities to adapt to new business dynamics; it’s the 21st Century Business Transformation Capabilities.
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