Question

Example of core competencies in strategic management

Answer 1

A core competence is, for example, a specialised knowledge, technique or skill. The core capability is the management ability to develop, out of the core competences, core products and new business. ... Prahalad and Gary Hamel(1990) definition, core competencies are the "collective learning across the corporation".

Answer 2

Explanation:

The core competency approach - Strategic Management. Core competencies are those capabilities that are critical to a business achieving competitive advantage. ... Senior management cannot focus on all activities of a business and the competencies required to undertake them.