A core competency is a concept in management theory originally advocated by C. K. 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. It fulfills three key criteria: 1. It is not easy for competitors to imitate. 2. It can be re-used widely for many products and markets. 3. It must contribute to the end consumer’s experienced benefits. The importance of the
Premium Management Walt Disney
told me five years ago that I would spend all of my free time in front of my computer screen I would have called him crazy. For me outdoor life has always been much more interesting than staying at home. It took me just one night to realize how important the Internet is for me. That night I spent seven whole hours on-line‚ just entertaining myself. I now believe that the Internet is quite an effective means of entertainment because I can download pictures‚ songs and videos‚ chat and communicate with
Premium Instant messaging Internet Online chat
business or product which generates a sturdy‚ dependable flow of cash. Dog- a product with low market share in a slow growing market and thus neither generates more consumes large amounts of cash. Star- products that are in high growth markets with a relatively high share of that market. They tend to generate high amounts of income. Question Mark- growing rapidly and thus consumes large amounts of cash but because they have low markets shares they do not generate much cash 2. What are core competences
Premium Strategic management Management Marketing
CLASS – XII ENGLISH CORE [Time : 3.0 hrs.] [M. M.: 100] __________________________________________________________________________________________________ General Instructions : (i) This paper is divided into three sections: A‚ B‚ and C. All the sections are compulsory. (ii) Separate instructions are given with each section
Premium Memory Rabindranath Tagore Hippocampus
All Types Of Entertainment In today’s society everyone seems to be trying to find the best form of entertainment. Most people now days seem to find this entertainment fix with television. So many people seem to watch TV for the simple fact that it offers such a wide variety of choices. The different kinds of series can be broken down into four major groups: situation comedies‚ serial shows‚ reality television‚ and sports. A major category of TV shows is the situation comedy. In situation comedies
Free Television Television program Reality television
Samuel Lopes | Março 2011 Caso – Shoot the dog: bye-bye AIBO Q: A que segmentos se dirigem o AIBO‚ o Pleo e outros robots animais? Quem lhe parece que serão os compradores? R: Na minha perspectiva‚ no caso do Aibo os segmentos são: famílias (com médio-‐alto poder financeiro) com filhos
Premium
PEST Analysis for Sony Corporation POLITICAL FACTORS Political factors for Sony Corporation can be changed at any time. TheGovernment holds the power to change any policies and regulationswhich may affect Sony at the time. The credit crunch and the recession may become reduced‚ therefore resulting in better trades for Sony Corporation. However this also means that the same has occurred for Sony¶s competitors. This means that Sony must develop ideas on how to stay ahead of its competitors. The
Premium Technology Financial crisis Minimum wage
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
Premium Strategic management Management Strategic business unit
In the late 1800’s‚ American society began to burst with cultural activity. After the Civil War and the Reconstruction‚ Americans were eager to return to their normal lifestyles. The period that followed‚ however‚ was quite different from what the country was used to. During the war‚ many pushed hard for a rise in industry‚ leading to an explosive industrial revolution far beyond what people had expected. America’s business and economy had boomed‚ and‚ as the new century approached‚ many had
Premium Gilded Age 19th century Film
role of core competencies in console wars‚ analyzing the way these competencies are activated within the firms’ business models. The home console market also exhibits crossed network externalities‚ which requires console manufacturers the ability to conciliate the interests of both developers and gamers. From a strategic point of view‚ core competencies are closely related with market performance. Today‚ Sony’s and Microsoft’s business models are quite similar. However‚ Microsoft and Sony remain far
Premium Video game console Xbox 360