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 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