Difference between revisions of "Competence"

Latest revision as of 19:54, 27 August 2020

A competence is a combination of different resources and capabilities:

Resources are all tangible and intangible assets of a firm that can be used in the value creation process:
- Tangible assets resources include IT infrastructure, bricks-and-mortar infrastructure and financial capital.
- Intangible assets include employee knowledge, licenses, patents, brand name and reputation of a firm.
Capabilities represent the ability of a firm to use resources efficiently and effectively. Skills manifest themselves in:
- Design of processes, systems and organizational structures.

Not all competences are a Core competence

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-Competence
+A competence is a combination of different resources and capabilities:
+* Resources are all tangible and intangible assets of a firm that can be used in the value creation process:
+** [[Tangible assets|Tangible assets]] resources include IT infrastructure, bricks-and-mortar infrastructure and financial capital.
+** [[Intangible assets|Intangible assets]] include employee knowledge, licenses, patents, brand name and reputation of a firm.
+* Capabilities represent the ability of a firm to use resources efficiently and effectively. Skills manifest themselves in:
+** Design of processes, systems and organizational structures.
+Not all competences are a [[Core competence|Core competence]]
+Part of: [[M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis|M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis]]
 [[Category:mbi]]
 [[Category:Term]]