A core competence:
A) retracts from a company's arsenal of competitive capabilities and competitive assets and is not a resource strength considered to be genuine.
B) is typically results-based,residing in a company's tangible physical assets on the balance sheet.
C) is often grounded in a single department's set of knowledge and expertise.
D) is an activity that a firm performs proficiently that is also central to its strategy and competitive success.
E) All of these.

Question

Quizplus · Accepted Answer

A core competence is an activity that a firm performs proficiently, which is also central to its strategy and competitive success. Core competencies may involve skills, knowledge, technology, or other capabilities that enable a company to deliver unique value to customers or to achieve a competitive advantage in the marketplace. Core competencies are not necessarily grounded in a single department's set of knowledge and expertise, and they may involve intangible assets and capabilities that are not reflected on the balance sheet.

A Core Competence