unit 7 core competencies

Question 1

core competency

Answer 1

set of activities or skills a business performs better than others

if it has this likely to establish a competitive advantage

Question 2

examples of core competencies

Answer 2

innovation

customer service

successful marketing techqniques

high quality

cause of sheer size of org got buying power to reduce costs and therfore prices

Question 3

what did prohalad and hamel say

Answer 3

if funcitons arent regrded as core competences they should be outsourced

Question 4

importance/benefits or core comp

Answer 4

can lead to brand loyalty

help achieve addded value

lower PED

if able to obtain patent and copyright then rivals will be unable to replicate therefore canno compete

increase sales

Question 5

what are important consideratinos for core copetence

Answer 5

dynamic nature of busienss

problems/risk of outsouricng

Question 6

explain considerations CC - dynamic nature of bs

Answer 6

hard to maintain them overtime due to dynaimc nature of busienss

as always gonna be tele

techno changes
economic changes
legal changes
envirnoemtal changes

Question 7

explain considerations CC - problems/ris of outsourcing

Answer 7

if follow advice you undertake limitaitons of outsouticn

quaity issues
ethical issues
overliance on an external provider