Connecting strategy and execution

Paul Leinwand of Strategy& says firms going global need to build their 'capability'

With China's economic growth slowing, it is becoming increasingly important for Chinese companies to gather new capabilities and gain more customers, said Paul Leinwand, a senior partner of Strategy&, PwC's strategy consulting business.

In his definition, a capability is a combination of processes, tools, systems, knowledge and people that create a very specific output for a company.