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What are core competencies of pharmaceutical company at domestic scale and advice how will you add value to these core competencies in order to sustain for?
Wiki User
∙ 14y ago
A company's core competency is the one thing that it can do better than its competitors. A core
competency can be anything from product development to employee dedication. If a core competency
yields a long-term advantage to the company, it is said to be a sustainable competitive advantage.
Core competence has three characteristics:
1. It provides potential access to a wide variety of markets,
2. It increases perceived customer benefits and
3. It is hard for competitors to imitate.
Wiki User
∙ 14y ago
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What is the difference between competency and competitive advantage?
core competence is one which critically underpins the organisation's competitive advantage. Companies can differentiate themselves from their competitors with specific core competencies, but often not for long. The differentiation is difficult to sustain and can often be imitated by competitors. Whilst a core competence is a source of competitive advantage, not all competitive advantages arise from core competencies.
What is the difference between core competency and competitive advantage?
core competence is one which critically underpins the organisation's competitive advantage. Companies can differentiate themselves from their competitors with specific core competencies, but often not for long. The differentiation is difficult to sustain and can often be imitated by competitors. Whilst a core competence is a source of competitive advantage, not all competitive advantages arise from core competencies.
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