1. Core Competencies and Organizations
... will define core rigidity and discuss the steps managers can take to prevent core competencies becoming core rigidities. To identify a company's core competency, it is crucial to be aware of its meaning. Competencies, also known as capabilities are "the ability to do something successfully or efficiently" (Oxford English Dictionary, 1989). There are three tests to distinguish the core ... competency (Prahalad and Hamel, 1990). Firstly, the capability allows the company to have potential to diversify their market. Secondly, it offers a significant contribution to perceived benefits of the...
- Word Count: 1422
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate