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The key to utilizing organizational core competencies is to ________ that make up the essence of the business.
- a)force organizational departments to justify the budgetary components
- b)vertically integrate and own all intermediaries
- c)own and nurture the resources and competencies
- d)emphasize global promotions
Correct answer is option 'C'. Can you explain this answer?
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The key to utilizing organizational core competencies is to ________ t...
Core Competency:
- Core competency is a unique skill or technology that creates distinct customer value.
- For instance, the core competency of Federal Express (Fed Ex) is logistics management.
- The organizational unique capabilities are mainly personified in the collective knowledge of people as well as the organizational system that influences the way the employees interact.
- As an organization grows, develops, and adjusts to the new environment, so do its core competencies also adjust and change.
- Thus, core competencies are flexible and develop with time. They do not remain rigid and fixed.
- The organization can make maximum utilization of the given resources and relate them to new opportunities thrown by the environment.
- Resources and capabilities are the building blocks upon which an organization creates and execute a value-adding strategy so that the organization can earn reasonable returns and achieve strategic competitiveness.
- The key to utilizing organizational core competencies is to own and nurture the resources and competencies that make up the essence of the business.
- Core competencies help an organization to distinguish its products from its rivals as well as to reduce its costs to its competitors and thereby attain a competitive advantage. It helps in creating customer value. '
- Also, core competencies help in creating and developing new goods and services.
Hence, the key to utilizing organizational core competencies is to own and nurture the resources and competencies that make up the essence of the business.
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The key to utilizing organizational core competencies is to ________ t...
Core Competency:
- Core competency is a unique skill or technology that creates distinct customer value.
- For instance, the core competency of Federal Express (Fed Ex) is logistics management.
- The organizational unique capabilities are mainly personified in the collective knowledge of people as well as the organizational system that influences the way the employees interact.
- As an organization grows, develops, and adjusts to the new environment, so do its core competencies also adjust and change.
- Thus, core competencies are flexible and develop with time. They do not remain rigid and fixed.
- The organization can make maximum utilization of the given resources and relate them to new opportunities thrown by the environment.
- Resources and capabilities are the building blocks upon which an organization creates and execute a value-adding strategy so that the organization can earn reasonable returns and achieve strategic competitiveness.
- The key to utilizing organizational core competencies is to own and nurture the resources and competencies that make up the essence of the business.
- Core competencies help an organization to distinguish its products from its rivals as well as to reduce its costs to its competitors and thereby attain a competitive advantage. It helps in creating customer value. '
- Also, core competencies help in creating and developing new goods and services.
Hence, the key to utilizing organizational core competencies is to own and nurture the resources and competencies that make up the essence of the business.
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The key to utilizing organizational core competencies is to ________ that make up the essence of the business.a)force organizational departments to justify the budgetary componentsb)vertically integrate and own all intermediariesc)own and nurture the resources and competenciesd)emphasize global promotionsCorrect answer is option 'C'. Can you explain this answer?
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