What are core competencies? How do core competencies affect a firm's strategic decisions?

What will be an ideal response?


Core competencies consist of key strengths that companies build their strategies around. They are internal strengths that can benefit or serve a wide range of products or services. For example, Sony has the capacity to miniaturize and Philips has competency in optical-media expertise. Canon has its core competence in optics and micro-electronics.

Business

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______ is a feeling of nervousness, doubt, and confusion arising from being in a foreign and unfamiliar environment.

A. Conditioning B. Culture shock C. Naturalization D. Accustoming

Business

Which adaptive strategy is most closely related to the grand strategy of growth?

a. prospecting b. defending c. analyzing d. focus

Business

MPR practitioners generally do not have to worry about ethical practices

Indicate whether the statement is true or false

Business

Control charts offer a simple method of displaying performance on hard measures over time against specific quality standards

Indicate whether the statement is true or false

Business