When can core businesses change?

Question

Quizplus · Accepted Answer

Core businesses can change when a firm's competencies change. This means that if a company develops new skills or technologies that would benefit their core business, they can modify their operations to incorporate them. This change can also help the company stay competitive in the market. While customer demand can influence changes in a company's products or services, it may not necessarily lead to a change in their core business. Updating software or outsourcing may lead to process or cost efficiencies, but these changes would not necessarily impact the core business.

When Can Core Businesses Change