Competence
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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
Part of: M8-S2 - Reading - Strategies for E-Business - Chapter 4 - Internal Analysis
