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The authors, senior partners at the Boston Consulting Group, review these four types of organizational capabilities, showing what companies at the leading edge are doing to create them.

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But globalization, new technologies, and greater transparency have combined to upend the business environment.

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They also discuss the particular implications of this fundamental strategic shift for large corporations, many of which have built their operations around scale and efficiency—sources of advantage predicated on an essentially stable environment.

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And, perhaps most important, they have learned to unlock their greatest resource: the people who work for them.

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