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core competency is a important business capability that gives a firm a competitive advantage. while providing wide range of products there is need of more capital and trained staff and that can be very costly as well. providing different range of products can force the business to buy new technologies and if the final product does not become popular among the customers then all the invest will go in vein.
Its better first to conduct market research first and then make the product.
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∙ 11y ago
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What is the core competency of Westpac?
finance
Why is core competency important for international strategy?
Core competency Facilitates strategy development, Encourages innovation, Enforces selection and recruitment process.
What is Citibanks core competency?
retail banking
What is the difference between core competencies and distinctive competencies?
core competency is a competitively important factor that a firm better than any other factor..where as distinct competency means an internal factor(it can be company core competency) which differentiate a firm from firm in the same industry or other industry..
Core competency in banking industry?
core are - customer service - effective transactions - competent risk management hth, Andreas
What is the core competency of Nokia?
TimingFocusBrandingCost Efficiency
Core competency in food and beverage?
Core competency is the knowledge in one specific area. In the food and beverage service, the core competency is to provide effective customer service and cost efficiency/profitability.
Which core leader competency do you determine sharing strategies?
Communication is the core leader competency in which information sharing strategies are determined.
What is the core competency of Westpac?
finance
Core leader competency do you determine information sharing strategies?
Communication is the core leader competency in which information sharing strategies are determined.
Why is core competency important for international strategy?
Core competency Facilitates strategy development, Encourages innovation, Enforces selection and recruitment process.
What is the core competency of Ford?
Making vehicles?
What is Citibanks core competency?
retail banking
What is the difference between core competencies and distinctive competencies?
core competency is a competitively important factor that a firm better than any other factor..where as distinct competency means an internal factor(it can be company core competency) which differentiate a firm from firm in the same industry or other industry..
Can you explain for what core competency is used?
A core competency is a particular set of skill(s) that you need in order to perform a job. For example, the core competencies for a court reporter would be excellent typing and listening skills
What is Facebooks core competency?
Facebook's core competency was to help people connect and interact on social networks. Facebook has managed to help people to keep friends and family close.
What is meant by the core competency and synergy components of strategy?
Correct.
