Bhusal Ref: Article Core Competence by C.K. Prahalad Core Competence is a skill/Asset/Technology that underpins the growth of the business and differentiates the business from its current and future Competitors OR Core competence is a bundle of skills and technologies that enables a company to provide a particular benefit to customers e.g. • Sony – benefit is pocketability core competence is miniaturization • Federal Express – benefit is on time delivery core competence is logistics management
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in Kirk‚ 2007) “Professional competence is the habitual and judicious use of communication‚ knowledge‚ technical skills‚ clinical reasoning‚ emotions‚ values‚ and reflection in daily practice for the benefit of the individual and community being served‚”. Practising professional competence as defined by Epstein and Hundert (as cited in Kirk‚ 2007) demands an inherent knowledge of both my strengths and weaknesses: being self-aware. A proper evaluation of my competence level in practice demands a high
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Hope inspiring competence can be described as an imaginative and fluid combination of the practitioner’s ability to use inspirational techniques to create hope and the practitioner’s belief that the individuals have a real possibility for recovery. This theory believes that the practitioner is require to do more than just having a positive outlook‚ they need to use and develop techniques that inspire hope in the individual so they feel motivated to reach their personal recovery. In this article‚
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FEBRUARY 2002 Core Competence for Sustainable Competitive Advantage: A Structured Methodology for Identifying Core Competence Khalid Hafeez‚ YanBing Zhang‚ and Naila Malak Abstract—Core competencies are the crown jewels of a company and‚ therefore‚ should be carefully nurtured and developed. Companies can determine their future business directions based on the strengths of competencies. However‚ because generalized terms such as resource‚ asset‚ capability‚ and competence are not clearly explained
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How would companies use the Strategic Management Process to attain distinctive competitive advantage over their competitors? Strategic management process is a process which companies use to plan for either short-term or long-term goals. It consists of three components – strategic analysis‚ strategic choice and strategic implementation. (Albert 2012‚ 1) It is also a tool which is used by management to make decisions for companies to have competitive advantage over their competitors. Strategic management
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Distinctive Australian Vision Speech In my presentation of Distinctive Australian Visions‚ I will analyze first‚ two of Douglas Stewart’s poems‚ namely “Lady Feeding the Cats” and “Cave Painting”‚ second‚ the short story “American Dreams” by Peter Carey and third‚ my personal response. In “Lady Feeding the Cats”‚ Stewart portrays the image of a poor woman from the slums who goes to the Domain in order to feed feral cats. Stewart pictures the torn and tattered slum lady using descriptive words
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The importance of cultural competence. Cultural values define roles and human interactions within families and communities and with others. Culture determines values and behaviors‚ but other factors within a culture influence behavior patterns as well. Cultural competence is the ability to provide effective care for patients who come from different cultures. It requires sensitivity and effective communication in nursing‚ both verbally and non-verbally. Cultural competence and respect for others becomes
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STRATEGY Is your core competence A MIRAGE? 40 THE McKINSEY QUARTERLY 1997 NUMBER 1 Managers now consider just about everything a potential competence Are you measurably better‚ can you sustain the diƒference‚ and does it matter? Building a core competence: three options Kevin P. Coyne Stephen J. D. Hall Patricia Gorman Cliƒford C – the idea that a company can succeed without a structural competitive advantage by becoming the best at a few key skills or in a few knowledge
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Core Competence Analysis Building Sustainable Competitive Advantage What makes you stand out from the crowd? © iStockphoto/hidesy The idea of "core competences" is one of the most important business ideas currently shaping our world. This is one of the key ideas that lies behind the current wave of outsourcing‚ as businesses concentrate their efforts on things they do well and outsource as much as they can of everything else. In this article we explain the idea and help you use it‚ on both
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What is cultural competence in Healthcare? Cultural competence in healthcare is the ability for the healthcare systems to demonstrate cultural competence towards the patients with diverse values and behaviors. The process includes consideration of individual social‚ cultural and linguistic needs of patients for the effective cross cultural communication with their care providers. The goal of cultural competence in healthcare is to lessen health disparities and to provide optimal care to patients
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