Snippet: Capabilities (referred to as “powers” by some, including Helmer’s immensely impactful book 7 Powers) are the intangible assets that you have developed as a business that enable you to operate more effectively and earn returns above others in the market. Ultimately these are the engines of your competitive advantage, determining the persistence and scope of your moat. While these may never appear on a balance sheet, they are the single most valuable asset of a company. Identifying how to build that intangible asset is core to a company’s business model and requires deliberate planning to unlock.