Human Capital #1--Ability

Ability is one form of human capital. Human Capital, from Ron Burt, is one of the weapons that the entrepreneur brings to the competitive arena. Dictionary.com defines "ability" as:

[The] power or capacity to do or act physically, mentally, legally, morally, financially, etc.; competence in an activity or occupation because of one's skill, training, or other qualification [such as] the ability to sing well; abilities, talents, special skills or aptitudes [as in] 'Composing music is beyond his abilities.'

If the entrepreneur does not have the superior abilities to support what he or she wants to do, they're going to have a bit of tough sledding. And if you're interested in looking at the derivations and different meanings of the word, read the whole entry.

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