Corporate competencies can be based on superior technological know how, reliable processes or external relationships with regulators, customers and supply chain participants

Question

Quizplus · Accepted Answer

Corporate competencies are the unique capabilities that give an organization a competitive advantage in the market. These can indeed be based on superior technological know-how (e.g., advanced R&D capabilities), reliable processes (e.g., efficient manufacturing or service delivery processes), or external relationships (e.g., strong ties with regulators, customers, and supply chain participants) that enable the company to operate more effectively than its competitors.

Corporate Competencies Can Be Based on Superior Technological Know How