Exploiting and developing core competencies is part of the key strategic leadership action "Effectively Managing the Firm's Resource Portfolio." Which of the following is most important for developing and using core competencies?

Question

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High-quality human capital is essential for developing and using core competencies. Core competencies are unique strengths that distinguish a firm from its competitors and are a result of the skills and knowledge of the firm's employees. Therefore, having a highly skilled and knowledgeable workforce is crucial for developing and leveraging core competencies. While extensive financial assets and an ethical organizational culture are important for overall strategic leadership, they are not the most important factor in developing and using core competencies. Transformational leadership may support the development of core competencies, but it is not a necessary requirement.

Exploiting and Developing Core Competencies Is Part of the Key