Private enterprises value more the academic qualifications or abilities of job seekers?

What private companies value is the ability of job seekers, because only the ability of job seekers can bring the greatest profits to the company. Well, of course academic qualifications are also one of the abilities. If you don’t have a relatively high level of qualifications, If you have academic qualifications, it proves that there may be a problem with your learning ability or that you have not been cultivated by the company. As long as we properly handle the relationship between academic qualifications and abilities, I believe this company will be able to do a better job.