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What is the difference between core competency and competitive advantage?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
Difference between Competitive Advantage and Comparative Advantage?
Comparative advantage (of a country or firm, for example) is *given* by the access to certain resources that others don't have. Usually this is related to natural resources. I say "access" because it doesn't matter if you are or are not the owner. On the other hand, competitive advantages are *created* by combining different resources, primarily knowledge. In management this is equivalent to "rise barriers" for competitors, in the sense that a true competitive advantage is that one that is difficult to be copied by the competitors (although not impossible.) Due to the nature of the comparative advantages, it is usually said that they provide you a "static" advantage, something that others can surpass by using their competitive advantages, which are said to be "dynamic." Feel free to make corrections to my answer.
What is the difference between a disadvantage and an advantage?
Advantage and disadvantage are complete opposites. An advantage is something which is beneficial to an individual. A disadvantage would be not to ones benefit.
What are the principles of comparative and absolute advantage and their relevance in the development of third world countries?
what is the difference between capital and current expenditure what is the difference between capital and current expenditure
When a perfectly competitive firm is at its profit maximising level of output it is?
maximizing the difference between total revenue and total cost
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 competitive and comparative advantage?
Competitive advantage: ability to produce a unit for strictly less cost than someone else. Comparative advantage: ability produce a unit for less opportunity cost than someone else.
What is the difference between competency and behaviour?
Competency relates to the knowledge, skills, and abilities a person possesses to perform a task or role effectively, while behavior refers to the actions and conduct demonstrated by an individual in various situations. Competency focuses on what a person can do, while behavior centers on how they act or react.
What is the difference between motivation and competency?
Motivation is the external impulse that inspires the will to perform something. Competency is the innate skill and ability to actually perform it properly.
What is the difference between a competency test and aptitude test?
Competency tests find out whether you can perform the job, aptitude tests find out how well you can perform a job.
What is the difference between a Skill vs competency?
a skill you learn throught education or experience. a competency you are born with. most interviews try to question you in a way that shows your competencies mostly
What is the difference between competency and capacity?
Competence would be a ratio, Capacity is max amount, volume, etc..
What is competitive advantage between air Asia and Malaysia airline?
lower price for air tickets
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where -?
perfectly competitive industry become a monopoly， what changes
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
Difference between Competitive Advantage and Comparative Advantage?
Comparative advantage (of a country or firm, for example) is *given* by the access to certain resources that others don't have. Usually this is related to natural resources. I say "access" because it doesn't matter if you are or are not the owner. On the other hand, competitive advantages are *created* by combining different resources, primarily knowledge. In management this is equivalent to "rise barriers" for competitors, in the sense that a true competitive advantage is that one that is difficult to be copied by the competitors (although not impossible.) Due to the nature of the comparative advantages, it is usually said that they provide you a "static" advantage, something that others can surpass by using their competitive advantages, which are said to be "dynamic." Feel free to make corrections to my answer.
What is the connection between a company's strategy and its quest for sustainable competitive advantage?
The central thrust of a company's strategy is undertaking moves to build and strengthen the company's long-term competitive position and financial performance by competing differentlyfrom rivals and gaining a sustainable competitive advantage over them.
