Core Compotency Flashcards
1
Q
Honda
A
Started concept of a company as a core competency
2
Q
Core Competency
A
collection of skills and capabilities that are a source of the company’s competitive
The ROOT
3
Q
Product as Competitive Advantage
A
products evolve and decline and cannot serve as a core competency
4
Q
How to identify core competency
A
- It provides access to a wide variety of markets and sustained competitive advantage
- Customers should want to choose it
- It is difficult to imitate
5
Q
Criticisms of Core Competency
A
Can lead to too much outsourcing
Unique core compotencies can be ambigous
