Preview

hahaha

Powerful Essays
Open Document
Open Document
8629 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
hahaha
Core Competence: What Does it
Mean in Practice?
Mansour Javidan

P

RAHALAD AND HAMEL’ INFLUENTIAL ARTICLE, “Core
S
Competence of the Corporation”‘
9
has generated substantial interest in the notion of core competencies and capabilities and has helped popularize a new school of economic thought called The Resourcebased View of the Firm.2-7~g~17~1g~22 article has made
The
two important contributions to the literature in strategic management; it proposed a new complementary approach to strategic planning and it provided a conceptual tool for a multi-business corporation to achieve better synergies among its various business units. Better Planning
In a typical planning process, the corporation starts with an identification of external threats and opportunities. It analyses the macro environment, the stakeholders, the industry, competitors and customers to isolate potential trends and developments and to determine their implications.
The company then develops strategies by identifying and assessing various options to address the threats and opportunities.
The last stage in the process is a determination of implementation plans through which resources are allocated and steps are put in place to execute the plans. Prahalad and Hamel proposed a different approach, not to replace the traditional planning process but to supplement it. While the traditional approach is an outside-in process where the planner starts with external analysis and then performs internal analysis, the process advocated by the authors is inside-out. It starts with internal analysis and then examines the external environment.
The authors suggested that companies need to understand fully their core competencies and capabilities in order to successfully exploit their
Pergamon
PII: s0024-6301(97)00091-5

resources. This suggestion is consistent with the arguments by the proponents of The Resource-Based
View
of the Firm. This



References: 1. American Productivity and Quality Center, Planning, Organizing, Benchmarking Activities, A User’ Guide, Houston (1992). 2. FL Amit and P. J. H. Schoemaker, Strategic asset and organizational Management Journal Jan., (1993). Long Range Planning 27(6), (1994). (1991). 5. D. J. Collis and C. Montgomery, Competing Business Review July-Aug., (1995). (1991). 7. K. P. Coyne, Sustainable competitive Horizons Jan-Feb., 54-61 (1986). dimensions of quality management, Strategic ManagementJournalSummer 91-112 (1994). Review Spring, 114-135 (1991). 10. R. M. Grant and J. C. Spender, (ed.) Knowledge Management Journal 17, (1996). 11. R. H. Hayes and K. B. Clark, Exploring Level, Wiley, New York (1985). Studies23,401-416 (1986). Executive 10(2), 20-37 (1996). of Economics 13, 418-438 (1982). 15. C. C. Markides and P. Williamson, Related diversification, core competences, corporate performance, Strategic Management Journal 15, (1994).

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Lololo

    • 313 Words
    • 2 Pages

    Scientists at Bikini Bottoms have been investigating the genetic makeup of the organisms in this community.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Haha

    • 1393 Words
    • 6 Pages

    Discuss how Haddon’s perspective on personal challenges is conveyed in the Curious Incident of the Dog in the Night-time. In your response, make a detailed reference to your prescribed text.…

    • 1393 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Haha

    • 318 Words
    • 2 Pages

    The Mongols along with the Tang and Song Dynasties of China have a significant amount of customs and achievements that reflect their values. The Chinese Empire was very prosperous during the Tang and Song Dynasties and the Mongolian Empire due to their achievements and customs. These achievements and customs very much reflect on Chinese and Mongol values.…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Lol

    • 564 Words
    • 2 Pages

    managed to survive because she did not wait for someone to come save her, she…

    • 564 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    lolololol

    • 1241 Words
    • 6 Pages

    Fermentation is a simpler process that results in a partial degradation of an organic fuel. Fermentation does not require the presence of any specialized organelles and does not require oxygen as a reactant, so it can…

    • 1241 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    HAHA

    • 1123 Words
    • 5 Pages

    Which of the following items is not an activity that binds the two friends together?…

    • 1123 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Lols

    • 921 Words
    • 4 Pages

    America a huge and well united country of fifty states that imports and exports many products to countries everywhere, and boasting one of the best military forces in the world. But let’s take a little step back in time three hundred and twelve years to be exact. Now America didn’t just start off with fifty states it actually began with thirteen states that had their own goals in mind that contradicted the others. Their economy wasn’t doing so well either due to the recent revolution they went through. Sure they won the war against the British and gained their own liberty, but like all things it came with a price and not a very cheap one. War debt was ravaging America at the time because of the weapons and militia that America had bought from France and Spain. This split was quite chaotic with every state specializing in its own thing such as slavery or trading. The same political viewpoints would only be seen in states that were of the same region, and even those had their differences. The larger states attempted to take the initiative by saying representation should be seen population wise while the smaller states would fight for equal representation. Tax was also an issue that was thrown across the board, but America has had terrible experience with it because of their past with the British. The ten years between the 1700s and the 1800s was truly a time of great change for America.…

    • 921 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Ha Ha Ha

    • 437 Words
    • 2 Pages

    Question-1 Based on the risk factors associated with the Bugabyte and Bugabyte Lite, which product do you think Grunwald and Vogel will recommend as the best candidate for assembly outsourcing?…

    • 437 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Hahahahaha

    • 884 Words
    • 4 Pages

    Montana 1948 is a story of debauchery and the abuse of power. It is also a story of great courage and decency.’ Do you agree?…

    • 884 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Lolololol

    • 20109 Words
    • 81 Pages

    Students will learn about the main characteristics of North American First Nation culture, including the close relationship of the First Nations peoples with the natural environment. They will investigate the motivating factors for early European exploration and the prevailing attitudes of the explorers. They will also examine the positive and negative effects of interactions between the Europeans and First Nation peoples, from first Viking contact to the time of permanent European settlement in the early seventeenth century.…

    • 20109 Words
    • 81 Pages
    Better Essays
  • Good Essays

    lollolol

    • 753 Words
    • 2 Pages

    For my final project, I chose the Parable of the Lost Son (Luke 15:11-32), having hearing this many times. I was well interested in this subject. I asked my mother questions including, easy opinion questions up to hard-thinking questions. She had to think really hard for a half an hour span for some of these questions, including, “who does the older son remind you of?”. After a while, we came up with 5 substantial answers and our conversation ended.…

    • 753 Words
    • 2 Pages
    Good Essays
  • Better Essays

    hahahahahaha

    • 1446 Words
    • 6 Pages

    Abraham Lincoln sprang to the presidency from extremely humble and tragic roots. His father, Thomas, and his mother, Nancy, were both illiterate. When Abraham was young, he had a sister who died as an infant and a brother who died as a boy. When Abraham was nine years old, his mother tragically died, leaving him in the care of only his father, who, within the year of his wife’s death, remarried a widow, Sarah Bush Johnston. Sarah was extremely kind to Lincoln and encouraged his developing love of reading, giving him three books, a treasure of immeasurable value to a boy who loved to read in a place where books were scarce (nps.gov). Because of the financial state of the family, Lincoln was forced to self-educate, and in 1836, Lincoln had educated himself so well that he was eligible to become a lawyer. The very same year, Lincoln moved to Springfield, Illinois, and became a lawyer, working for John T. Stuart (White, pp. 71, 79,108). Lincoln was such a gifted attorney, that only ten years after entering the field, he was elected into the United States Congress. However, in 1849, he left congress in the hope that he would receive an appointment from the Taylor administration because of his tireless promotion of the election. He was, however, denied any position, and returned to his law firm where he worked with great fervor (Lamb, Swain, pp. 3-10). Lincoln worked tirelessly as a lawyer until he ran for the presidency in 1858. After losing the election to his rival, Stephen Douglas, he decided to run again in 1860. Lincoln won the 1860 election. As a result of him being elected, and his open support of black rights, the Southern states seceded from the Union, leaving Lincoln with one of the hardest presidencies in American history (Neil, pp. 132-133). Because of his humble beginnings, Abraham Lincoln had every excuse to be an extremely proud man. However, in order to do what was best for the American people; Abraham Lincoln often had to swallow his pride in order to…

    • 1446 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Jkghk

    • 8448 Words
    • 34 Pages

    Derived from the combination of two Japanese words, kan ("visual") and ban ("card" or "board"), kanban roughly translates to sign board or signal board. In English it has developed a highly specialized meaning - kanban is a process of manufacturing or work space organization that relies upon visual signals to control inventory. Kanban has become synonymous Just in Time production and "demand scheduling." It is a cornerstone of lean manufacturing, just as it relies upon 5s and kaizen, so to do they rely upon kanban for full implementation.…

    • 8448 Words
    • 34 Pages
    Good Essays
  • Good Essays

    hahaha

    • 268 Words
    • 2 Pages

    The white horse of Alih tells the story of young Alih, and his older brother Omar, as they try to redeem themselves from the shame of being robbed of all of their prized possessions. Alih and Omar decide that the only way to strip themselves of their shame is to cleanse their body, prepare them for burial, and kill someone. By killing some random person (and in turned being killed by the authorities), Omar believes that Allah will send the eponymous white horses for them to be carried to paradise.…

    • 268 Words
    • 2 Pages
    Good Essays
  • Good Essays

    jllllll

    • 1821 Words
    • 8 Pages

    DEVELOPING STUDENTS’ READING SKILLS IVANA TRAJANOSKA, MA AIM • The aim of this presentation is to raise the awareness on the need to constantly develop the reading skills of students. READING FOR CONTENT INFORMATION • It’s important to say that when discussing reading skills, one should always have in mind the language in which we want to analyze or develop the reading skills. • However, this presentation centers on the common strategies for developing reading skills in either the mother tongue of the student or in a foreign language (English). • When can we implement the same strategies?…

    • 1821 Words
    • 8 Pages
    Good Essays

Related Topics