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Title: Core Competencies.Doc

Essay Details:

Subject: Business

Author: Amanda A

Date: October 17, 2015

Level: University

Grade: B

Length: 9 / 2507

Essay text:

One of the most important factors of developing a business strategy is identifying the organization’s core competencies. Therefore, an important part of strategic planning is identifying and predicting the core competencies. Core Competencies According to Prahalad and Hamel (1990) “Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies.” From their points of view the core competencies are the collective knowledge and skills that distinguish an organization from the competition, which should also be difficult for the competition to imitate...

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