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Capability Development Program
A structured program designed to build and enhance product management capabilities within an organization.
Implications
A structured initiative designed to systematically enhance the skills, processes, and resources within an organization, aligning with strategic goals and market needs.
Example
Example: A financial services firm implements a capability development program to train employees in new regulatory compliance standards.
Related Terms
Different from ad-hoc training programs, a capability development program is comprehensive and strategically aligned with long-term objectives.
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