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Author:Prabalad, C. K.
Hamel, G.
Title:The core competence of the corporation.
Journal:Harvard Business Review
1990 : MAY-JUN, VOL. 68:3, p. 79-91
Index terms:COMPETITIVENESS
DIVERSIFICATION
CONGLOMERATE COMPANIES
PRODUCT IMAGE
Language:eng
Abstract:Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. A lot of examples are provided. A map of competencies is also presented. False assumptions of competencies are mentioned and criticized. Three tests are offered to identify core competencies in a company. The costs of losing a core competence are examined. It is shown how a company can get ahead from core competencies to core products. Strategic Business Units and core competencies as alternatives are described and analyzed. Management should develop a corporatewide strategic architecture that establishes objectives for competence building.
SCIMA record nr: 78115
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