Question

Core competencies definition and examples

Answer 1

Hello dear your answer is in down


A core competency is a concept in Management Theory introduced by C.K Prahalad and Gary hamel it can be defined as a hormonized combination of multiply resource and skills that distinguish a firm in the Market place and therefore are the foundation of Companies competitiveness.

The example of core competencies are as followes ÷
1) analytical thinking this report to your ability to apply logic to solve problems and get the job done.
2) computer competency
3) silent service
4) Creative Thinking
5) forward thinking
6) conceptual thinking
7) conflict resolution
8) decision making


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Thank you dear

Answer 2

Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed against the competition.

Examples of Core Competencies

• A business is not limited to just one core competency, and competencies vary based on the industry in which the institution operates.

Some of the core competencies of established and successful brands tend to be there for all to see:

• McDonald's has standardization. It serves nine million pounds of French fries every day, and every one of them has precisely the same taste and texture.

• Apple has style. The beauty of its devices and their interfaces gives them an edge over its many competitors.

• Walmart has buying power. The sheer size of its buying operation gives it the ability to buy cheap and undersell retail competitors.