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core competencies
Essay specific features
Written by:
Daisy B
Date added:
February 16, 2016
Level:
University
Grade:
A
No of pages / words:
3 / 839
Was viewed:
7579 times
Rating of current essay:
Essay content:
Senior management cannot focus on all activities of a business and the competencies required to undertake them. So the goal is for management to focus attention on competencies that really affect competitive advantage.
The Work of Hamel and Prahalad
The main ideas about Core Competencies where developed by C K Prahalad and G Hamel through a series of articles in the Harvard Business Review followed by a best-selling book - Competing for the Future...
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Their central idea is that over time companies may develop key areas of expertise which are distinctive to that company and critical to the company's long term growth.
'In the 1990s managers will be judged on their ability to identify, cultivate, and exploit the core competencies that make growth possible - indeed, they'll have to rethink the concept of the corporation it self...
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