Core competence - Revision history

Dirkjan at 19:48, 27 August 2020

2020-08-27T19:48:32Z

Dirkjan at 19:09, 27 August 2020

2020-08-27T19:09:45Z

Dirkjan: Created page with "A core competence of a firm is a Competence which is valuable across different products and markets, unique and hard to imitate: * Valuable ** Customers have to..."

2020-08-25T07:52:06Z

Created page with "A core competence of a firm is a Competence which is valuable across different products and markets, unique and hard to imitate: * Valuable ** Customers have to..."

New page

A core competence of a firm is a [[Competence|Competence]] which is valuable across different products and markets, unique and hard to imitate:
* Valuable
** Customers have to be willing to pay for the value a core competence represents (lower costs or customer benefit)
* Unique
** If a competence is not unique competition will drive down profits.
* Hard to imitate
** A competence uniqueness is sustainable only if other firms have difficulties to replicate the competence:
*** Require tightly interlinked function within a firm
*** Causal ambiguity increases barriers to imitation. This is if the roots of the competence are hard to understand
* Valuable across different products or markets

<html>
<img src="/static/files/MBI/Module%206/competencesandproducts.PNG" width = 500>
</html>

Part of [[M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis|M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis]]

See also:
[[M6-S3 - Reading - Prahalad, C.K. The core competence of the corporation|M6-S3 - Reading - Prahalad, C.K. The core competence of the corporation]]
[[M6-S4 - Session notes|M6-S4 - Session notes]]
[[Category:marketing]]

[[Category:Entrepreneurial]]

[[Category:M6]]

[[Category:Marketing]]

[[Category:Term]]

← Older revision		Revision as of 19:09, 27 August 2020
Line 1:		Line 1:
−	~~A core~~ competence ~~of a firm is a [[Competence\|Competence]] which is valuable across different products and markets, unique and hard to imitate:~~	+	Core competence
−	* Valuable
−	** Customers have to be willing to pay for the value a core competence represents (lower costs or customer benefit)
−	* Unique
−	** If a competence is not unique competition will drive down profits.
−	* Hard to imitate
−	** A competence uniqueness is sustainable only if other firms have difficulties to replicate the competence:
−	*** Require tightly interlinked function within a firm
−	*** Causal ambiguity increases barriers to imitation. This is if the roots of the competence are hard to understand
−	* Valuable across different products or markets
−
−	~~<html>~~
−	~~<img src="/static/files/MBI/Module%206/competencesandproducts.PNG" width = 500>~~
−	~~</html>~~
−
−	~~Part of [[M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis\|M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis]]~~
−
−	~~See also:~~
−	~~[[M6-S3 - Reading - Prahalad, C.K. The core competence of the corporation\|M6-S3 - Reading - Prahalad, C.K. The core competence of the corporation]]~~
−	~~[[M6-S4 - Session notes\|M6-S4 - Session notes]]~~
	[[Category:marketing]]		[[Category:marketing]]

← Older revision		Revision as of 19:48, 27 August 2020
Line 1:		Line 1:
−	~~Core~~ competence	+	A core competence of a firm is a [[Competence\|Competence]] which is valuable across different products and markets, unique and hard to imitate:
		+	* Valuable
		+	** Customers have to be willing to pay for the value a core competence represents (lower costs or customer benefit)
		+	* Unique
		+	** If a competence is not unique competition will drive down profits.
		+	* Hard to imitate
		+	** A competence uniqueness is sustainable only if other firms have difficulties to replicate the competence:
		+	*** Require tightly interlinked function within a firm
		+	*** Causal ambiguity increases barriers to imitation. This is if the roots of the competence are hard to understand
		+	* Valuable across different products or markets
		+
		+	<html>
		+	<img src="/static/files/MBI/Module%206/competencesandproducts.PNG" width = 500>
		+	</html>
		+
		+	Part of [[M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis\|M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis]]
		+
		+	See also:
		+	[[M6-S3 - Reading - Prahalad, C.K. The core competence of the corporation\|M6-S3 - Reading - Prahalad, C.K. The core competence of the corporation]]
		+	[[M6-S4 - Session notes\|M6-S4 - Session notes]]
	[[Category:marketing]]		[[Category:marketing]]