Core competencies allow small businesses to deliver value to their customers, but what are core competencies? The litmus test is that it is hard for competitors to copy or develop. For example, the ...
A core competency is a skill at which an individual is especially proficient, or a set of activities that an organization performs better than other functions – whether more efficiently, at lower cost ...
Forbes contributors publish independent expert analyses and insights. I write about 21st century leadership, Agile, innovation & narrative. In the summer of 2002, Amazon CEO Jeff Bezos went on ...
A central goal of marketing strategy is to get an advantage over the competition. But how do you do that? Well, one way is to try to keep competitors from entering your business territory in the first ...
Every company has a corporate culture, whether they know it or not. The culture comes down to how people work together within the organization to get things done and affects nearly every aspect of the ...
Organizations are more complex than ever, and focusing too much on Gary Hamel’s idea of “core competencies” is both outdated and damaging to your company’s emotional infrastructure. Since Gary Hamel ...
At the heart of strategy is competitive advantage. "Advantage" can be defined as a condition that puts one in a favorable or superior position. "Competitive" can be defined as having a strong desire ...
Opinions expressed by Entrepreneur contributors are their own. You may have heard or read the phrase “core competency” lately and wondered if it’s the latest example of meaningless corporate lingo, or ...
Ah, the dog days of summer. A break from the office, the cell phone and e-mail offers a chance for some R&R and reflection. So step back from the day-to-day grind and let me be so bold as to offer you ...
In benchmarking the Supply Chain Management (SCM) practices of hundreds of companies, we have learned that many companies actually achieve competitive advantage by leveraging the management of their ...