Please tell me the following statement is correct or incorrect A core competence is a unique stre…
Please tell me the following statement is correct or incorrect A core competence is a unique strength of an organization which may not be shared by others.
The above statement is correct.
Core competencies are what give a company one or more competitive advantages, in creating and delivering value to its customers in its chosen field.
It is a unique strength of an organization which may not be shared by others. If business is organized on the basis of core competence, it is likely to generate competitive advantage.
A core competence provides potential access to a wide variety of markets. Core competencies should be such that it is difficult for competitors to imitate them.
