How are organisational strategies related to core competencies?
A) Competencies are the tactics managers use to take advantage of strategies
B) Broad based organisational strategies are the same as the core competencies.
C) Strategies help managers exploit competencies
D) Strategies and competencies are actually two ways of expressing the same idea

Question

Quizplus · Accepted Answer

Strategies are plans or approaches developed by managers to achieve organizational goals, and exploiting core competencies is a key part of this. Core competencies are the unique strengths and abilities that give an organization an advantage in the market. Strategies are designed to leverage these competencies to achieve success and competitive advantage.

How Are Organisational Strategies Related to Core Competencies