Core Competence

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A core competency is a concept in management theory in the beginning advocated by CK Prahalad, and Gary Hamel, two business book writers. In their celestial horizon a core competency is a specific reckon that a business sees as being central to the elbow room it, or its employees, works. It fulfills three key criteria:
1.It is not easy for competitors to imitate.
2.It so-and-so be re-used widely for many products and markets.
3.It must contribute to the annul consumers experienced benefits.
A core competency can return various forms, including technical/subject matter know-how, a accredited process and/or close relationships with customers and suppliers.[1] It may also include product development or culture, such as employee dedication, better Human Resource Management (HRM), good market insurance coverage etc.




Core competencies argon particular strengths relative to other organizations in the industry which provide the fundamental basis for the provision of added value. Core competencies are the collective learning in organizations, and involve how to array diverse production skills and integrate multiple streams of technologies. It is communication, an involvement and a deep commitment to working across organizational boundaries.[vague] fewer companies are likely to build world leadership in more than five or six fundamental competencies.
For an compositors case of core competencies, when studying Walt Disney World - Parks and Resorts, there are three main core competencies:[2]
Animatronics and Show Design
taradiddletelling, Story Creation and Themed...If you want to get a full essay, state it on our website: Ordercustompaper.com



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