Exploiting and maintaining 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

Quizplus · Accepted Answer

Core competencies are built on the skills, knowledge, and abilities of the firm's workforce. Therefore, having high-quality human capital is essential for developing and using core competencies. While financial assets, transformational leadership, and an ethical organizational culture are all important for overall success, they are not as directly related to core competencies.

Exploiting and Maintaining Core Competencies Is Part of the Key