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Core Competencies.Doc

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Issue:

Business

 

Written by:

Tammy L

 

Date added:

August 30, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2507

 

Was viewed:

5202 times

 

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Essay content:

One of the most important factors of developing a business strategy is identifying the organization’s core competencies. Therefore, an important part of strategic planning is identifying and predicting the core competencies. Core Competencies According to Prahalad and Hamel (1990) “Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies...
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In effect, core competencies provide the basis for developing new products and services, and they are a primary factor in determining an organization’s long-term competitiveness. Moreover, a true core competence, and could provide a competitive advantage. To know the core competencies could achieve a competitive advantage...
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