2. Enable any firm to be in a competitive position in the market.
Empower the development of core products.
Summary
3. Core competence is:
- A mixture of collective learning and variety of skills that
stand behind product’s line.
- Organization of work and the delivery of value.
- Communication, involvement, and a deep commitment to working
across organizational boundaries.
- Involves many levels of people and all functions.
Conceptual Thoughts
4. Core competence does not diminish with use, it enhances as
it is applied and shared.
Conceptual Thoughts
5. Three tests can be applied to identify core competence:
1. Should provide potential access to a wide variety of markets.
2. Should make a significant contribution to the perceived customer
benefits of the end product.
3. Should be difficult for competitors to imitate.
Conceptual Thoughts
6. Provided a clear view for the term core competence.
Misdefine term of core competence leads to business failure.
Paying particular attention for key employees.
Critical Personal Analysis