Core competencies can be described as:
A)a declaration of mission that is focused on specific skills.
B)organizational strengths and abilities that have been developed over time.
C)only those processes that create products or provide services.
D)elements of the supply chain that create value.

Question

Quizplus · Accepted Answer

Core competencies refer to the strengths and skills that an organization has developed over time, giving it a competitive advantage in the marketplace. They are not limited to specific services or products or to a particular section of the supply chain. Rather, they are the unique abilities that the organization possesses and can leverage to create value. A) Declaration of mission that is focused on specific skills is incorrect as core competencies are not merely statements of mission, but rather skills that an organization has developed. C) Only those processes that create products or provide services is incorrect as core competencies are not limited to specific processes. D) Elements of the supply chain that create value is incomplete as core competencies are not limited to just elements of the supply chain.

Core Competencies Can Be Described As