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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.


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.


How can information management improve a business?

By eliminating waste, redundancy, and friction in the process of moving information, information economy business gain competitive advantage over their competitors.


Discuss five advantages and disadvantages of house journals as a medium for management -staff communication?

It creates unity and comprehensive oneness within the organisation (advantage) keeps staff posted on the organisation's perfomance(advantage) from menzi ngobese, damelin college


What are advantages and disadvantages of yield management?

An advantage of yield management is the ability to set up a competitive pricing strategy to lure more customers in and away from competitors. However, a disadvantage is that if the yield management is forecast wrong or too low, revenue may be lost.


Advantage and disadvantage of down ward flow of information organisation?

The advantage of downward flow of information in an organization is that it ensures clear communication of goals, policies, and directives from management to employees, helping to align the entire workforce with organizational objectives. However, a disadvantage is that it can lead to a lack of feedback and engagement from lower levels, potentially stifling creativity and causing disconnection between leadership and staff. This one-way communication can also result in misunderstandings or misinterpretations of the information conveyed.


What is the main advantage of the microkernel approach to system design?

Microkernels provide minimal process and memory management, in addition to a communication facility.


What is cumulative advantage?

A cumulative advantage is the totality of the advantage that the business has compared to competitors. This includes employees, intellectual property, and business processes.


What is your advantage in communication?

the role of communication


What is comparative management advantage and function?

Comparative management advantage refers to the ability of a firm or organization to leverage its unique strengths and resources to achieve superior performance relative to its competitors. This advantage often arises from factors such as specialized knowledge, innovative processes, or efficient resource allocation. The function of comparative management is to identify, develop, and utilize these strengths to optimize decision-making, enhance competitiveness, and drive strategic initiatives, ultimately leading to improved organizational outcomes.


What are the advantage of organization and methods?

advantages of organisation and method team


The existence of lower opportunity costs than competitors?

comparative advantage