C e n t r e o f M a n a g Core Competence Introduction:core competency is a concept in management theory originally advocated by CK Prahalad‚ and Gary Hamel‚ two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it‚ or its employees‚ works. A core competency can take various forms‚ including technical/subject matter know-how‚ a reliable process and/or close relationships with customers and suppliers. It may also include
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INTERNSHIP REPORT AT THOMAS COOK BANGALORE Submitted in partial fulfillment of the requirement for the Degree of MASTER OF BUSINESS ADMINISTRATION Submitted By aswin c u Senior Manager DECLARATION I‚ Sruthy.S hereby declare that the Internship report entitled‚ ‘INTERNSHIP REPORT AT THOMAS COOK BANGALORE’ submitted by me for the award of Master of Business Administration
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Information History Thomas Cook is the world’s best-known name in travel. • Thomas Cook started organising leisure trips in the summer of 1841 when its founder‚ who gave his name to the company‚ organised a successful one-day rail excursion at a shilling a head from Leicester to Loughborough. • During the next three summers Mr Cook arranged a succession of trips‚ taking passengers on trips to the midland towns of Leicester‚ Nottingham‚ Derby and Birmingham. Four years later‚ he organised
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Thomas Cook Thomas Cook‚ one of the market leaders in the UK travel sector has reported that the company’s performance remains disappointing. Also‚ the company announced 2‚800 jobs loss and may reach 15% of company’s staff due to the merger with MyTravel which will result in cost savings of £2.8bn and it is thought to achieve over £94.8m predicted in the merger. The firm also assured that it will support many affected employees and will offer redeployment within the company. As the holiday
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Thomas cook India Limited Website: www.thomascook.in Website Home Page: We can also show the screen shots for various web pages like online payments‚contact details……etc. Company Profile: Thomas Cook (India) Limited (TCIL) is an integrated travel and travel related financial services company offering a range of services that include foreign exchange‚ corporate travel‚ Manipal Institute of Computer Education (MICE)‚ leisure travel and insurance‚ Visa & Passport Services and Call Centre
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The term “Core competence” was first put forward in the 1990. In the book The Core Competence of the Corporation‚collaborated on by famous management experts C.K. Prahalad and Gary Hamel. It points out‚ “Core competence is optimized knowledge and skills inside some organization‚ especially regarding how to adjust diverse manufacturing skills and optimize different technologies and skills.” In their view‚ core competence first of all should provide the enterprises with the potential to enter different
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Identify L’Occitane’s core competence. With reference to resource based view‚ explain how the competence was created. 1. Respect for the Environment L’Occitane invested heavily in developing products that contain rich natural ingredients with traceable origins. The company follows the principles of phytotherapy and aromatherapy‚ without using animal products. All product tests are under medical supervision rather than tests on animals. L’Occitane also limits the use of silicones‚ chemical
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PEST Analysis of Thomas Cook PEST Analysis is mainly used to scan the environment. PEST refers to political‚ economical‚ social and technological factors. Thus Pest is used to analyses and scans the general environment surrounding Thomas cook. It is through PEST that the company will be able to detect as well as monitor the weak signals in order to recognize the fractures which shape the environment. Political Factors The UK travel and tourism industry has faced immense pressure from the government
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The Core Competence of the Corporation C.K. Prahalad and Gary Hamel Harvard Business Review 90311 HBR MAY–JUNE 1990 The Core Competence of the Corporation C.K. Prahalad and Gary Hamel The most powerful way to prevail in global competition is still invisible to many companies. During the 1980s‚ top executives were judged on their ability to restructure‚ declutter‚ and delayer their corporations. In the 1990s‚ they’ll be judged on their ability to identify‚ cultivate‚ and exploit
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The review of “The Core Competence of the Corporation” Introduction When many corporations were struggling in unstable and unpredictable competitive environment in the 1990s‚ the proposition of the concept of core competence became the dominant framework in management theory (Liu‚ 2006). This essay will review the article entitled “the core competence of the corporation” by Prahalad and Hamel from three aspects. Initially the position of the article will be analyzed compared with the Porter’s
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