Walmarts Core Competencies

✍️

1. Walmarts Core Competencies
Wal–Mart's Core Competencies Wal–Mart is a company that has taken its core competencies, which
are the capabilities the firm emphasizes and performs especially well while pursuing its vision
(Ireland, Hoskisson, Hitt, 2008), and turned them into competitive advantages. Core competencies
must satisfy four characteristics in order to be a competitive advantage. These advantages, according
to our text, include: *valuable, *rare, *difficult to imitate,*nonsubstitutable. Wal–Mart's Core
Competencies: 1. Culture– One core competency Wal–Mart has is its culture. Wal–Mart's employees
are hardworking, efficient, and process oriented. In the video "The Age of Wal–Mart" it pointed out
that Sam Walton, founder of Wal–Mart, called ... Show more content on Helpwriting.net ...
Lower stock means a higher inventory turnover rate. This is another competency that is rare and
difficult for Wal–Mart's competitors to imitate. 4. Relations with Suppliers– Wal–Mart has in place a
system that helps to achieve their goal of lower prices. This Information Technology system
includes computers, networking, and internet that cuts inventories and waste and helps with speedy
delivery. This system also helps Wal–Mart to keep in constant contact with suppliers by transferring
the data that suppliers need so they know what Wal–Mart needs. Wal–Mart also works with
suppliers to improve their production and squeezes the best prices out of its supplier. The video
referred to Wal–Mart as the customer's agent. All of this focus Wal–Mart puts on suppliers reduces
costs and lowers prices. Wal–Mart's technological/logistical leadership remains unmatched by
competitors (Web, 2005). 5. International Growth– The video pointed out that internationally Wal–
Mart has just scratched the surface and has lots of room for growth. Expect to hear more from Wal–
Mart about where we're going in emerging markets like India and China (Gogoi, 2007). Wal–Mart is
committed to being a global company and feels like expanding internationally will drive growth and
hopes to add 500,000 jobs worldwide in within the next 5 years (Clifford & Rosenbloom,
2010). Brazil,
... Get more on HelpWriting.net ...

3. Wal Mart 's Core Competencies Essay
There is a growing body of literature that recognises the importance of Resource Based View (RBV)
in strategic management. This paper attempts to identify Wal–Mart's core competencies, applying
RBV literature such as VRIO framework with supporting evidence from "Wal–Mart Stores in 2003"
case study. RBV suggests that each firm acquires a collection of capabilities, which can be
mobilised by strategists to gain competitive advantage (McGee et al., 2005). In other words, a firm
can be viewed as a bundle of resources, which are the drivers of strategy and growth in a firm. When
creating a unique product, a firm also develops a unique competence (Mintzberg et al., 2009).
Prahalad and Hamel (1990) ascertained that three tests could be used to determine a core
competence. Foremost, a core competence should provide a promising access to a variety of
markets. Second, a core competence would make a substantial contribution to the end product in
view of customers. Lastly, a core competence should be unique, hard to imitate. In fulfilling the
three tests, a resource would be a core competence of a firm. Moreover, to be a sustainable
competitive advantage (SCA), Barney (1991) stated that a corporation's resources should consist of
four characteristics: (i) valuable, in adding value–creating strategy to the product, not in the
monetary sense, (ii) rare, in view of the business' current market position, (iii) imperfectly imitable
and (iv) non–substitutable. Furthermore, a firm's
... Get more on HelpWriting.net ...

5. Competency Mapping
Introduction :
A lot is going on in recent times on the issue of competency mapping. A lot of resource is spent and
consultants are invited to do competency mapping. Competency mapping is gaining much more
importance and organizations are aware of having good human resources or putting the right people
on right job.
Competency mapping is important and is an essential exercise. Every well managed firm should
have well defined roles and list of competencies required to perform each role effectively. Such list
should be used for recruitment, performance management, promotions, placements and training
needs identification.
In performing or carrying out work, it is essential that the required job skills first be articulated. This
... Show more content on Helpwriting.net ...
Organizations describe, or map, competencies using one or more of the following four strategies:
1. Organization–Wide (often called "core competencies" or those required–for–organization–
success)
2.Job Family or Business Unit Competency Sets
3.Position–SpecificCompetencySets
4. Competency Sets Defined Relative to the Level of Employee Contribution (i.e. Individual
Contributor, Manager, or Organizational Leader)
This article will not go into depth about the differences among the four mapping strategies. Instead,
the focus here will be on ways that individuals need to present or demonstrate the use of the various
kinds of competencies when interacting with organizations.
Research is ongoing about the nature of competencies that are important for success across many
organizations. There are a number of sources that describe some very common personal functioning
competencies found to be important for employees at all levels across organizations. One good
quote in this area is from Michael Zwell (2000, pgs. 53–55), the author of Creating A Culture of
Competence when he says, "From the body of competency research to date, a basic set of 6
competencies would differentiate the top quartile of performers from the rest in most positions in an
organization: Initiative, Influence, Results Orientation, Teamwork, Service Orientation, and,
Concern for Quality."
In addition, research on the importance of "emotional intelligence" to organization success is
starting to

6. ... Get more on HelpWriting.net ...

8. Diageo Case Study
Born in 1997, Diageo was a product of merger between Guinness and Grand Metropolitan. Guinness
and Grand Metropolitan were also products of mergers. Guinness acquired Distillers in 1986 and
Grand Metropolitan had expanded from its roots as a hotel business into spirits, Pillsbury, Burger
King and various pubs. After the merger, Diageo's new CEO, John McGrath and executive teams
had a vision to create a more focused strategy, concentrating on their core strengths, and integrate
the company fully into the global spirits organization, and sold off all non–beverage conglomerates.
The purpose of all the vicissitudes was to position the company to meet their vision of becoming the
world's leading premium Drinks Company. During the post–merger integration, Mr. McGrath
concentrated on the core competencies and the ability to build a premium consumer brand,
leveraging it on a global basis. The strategy they created was to implement company wide – the
"Diageo way of brand building". This way of working provided a guide line on conducting business
based on perceptions of its stakeholders' and customers' needs. From there, Diageo developed an
inimitable business structure in which country operations were organized leveraging its core
competencies and competitive advantages. Recently, in 2015 Diageo took another step towards
focusing on its core business and competencies, and sold off their wine business. In the alcohol
industry wine is a very competitive business, and within
... Get more on HelpWriting.net ...

10. Core Competency
Core competency two requires that social workers apply ethical principles into practice. This core
competency relates to the experiences that I had through my classes and internship. I will be
illustrating how I applied specific practice behaviors to artifacts. The first practice behavior
associated with this competency is demonstrating leadership in applying ethical reasoning for
problem resolution. For me, this involved a release of health information form that I had to provide
to another agency regarding a patient. The second practice behavior is systematically questioning
statements of values and recognizing the underlying ethics of policies, theories and models. This
practice behavior relates to the policy analysis paper on the No Child ... Show more content on
Helpwriting.net ...
The paper included information regarding the No Child Left Behind Act of 2001. In the paper, I
discussed the strengths and weaknesses of the policy as well as recommended changes to the policy.
This paper provided me with the opportunity to question what my beliefs and values are on a policy
that directly impacts children. In addition, the paper addresses what I think is important regarding
education based on my values. As I wrote the paper, I recognized that I do value the importance of
education. I also realized the importance of questioning statements of values and the underlying
ethics of policies. I will continue to be competent and strive to increase my professional knowledge
and skills in policies as it relates to my values and beliefs.
In sum, social workers are required to apply ethical principles in practice. As a result, through my
experience, ethics have played a significant role in my professional and personal roles. I will
continue to strive to learn and gain skills in ethical principles. I plan to strive, grow and explore my
own values and beliefs. In addition, I will continue to follow and employ the ethical guidelines for
my clients and for myself as I progress in my role as a social
... Get more on HelpWriting.net ...

12. Case Analysis of Porter Airlines and Their Business Level...
Through Their Expansion Plans, How will Porter Airlines Effectively Utilize Their Low–Cost
Business Level Strategy to Increase Their Customer Base? Table of Contents Executive
Summary...............................................................................p. 3 Porter
Airlines......................................................................................p. 4 The
Expansion......................................................................................p. 4 What is Organizational
Strategy.................................................................p. 7 Porter Airlines Business Level
Strategy........................................................p. 9 Core Competencies
......................................................................p. 9 Competitive
Advantage..................................................................p.12 Low Cost Business Level
Strategy.....................................................p. 13 Low Cost Business– Level
Structure..........................................................p. 15
Conclusion........................................................................................p. 17 ... Show more content on
Helpwriting.net ...
In recent years, Porter opened a new $50 million 10–gate terminal, increasing take off slots from
167 to 202 (allowing for more flights during the day). Within the last year, Porter Airlines has added
service to Newfoundland and Charleston, South Carolina. The company is currently approaching the
completion of an underground tunnel, which will increase and improve traffic flow from the
terminal to the main land compared to the original transportation via ferry. It has long been assumed
that in the recent years Porter has plateaued. Billy Bishop is restricted to 202 landing slots daily, and
the Q400s can't fly any farther than Porter already flies them. Due to this, in April 2013, Porter
announced expansion plans to increase its customer base. The plan stated that their goals would be
accomplished through increasing the number of destinations, acquiring 30 Bombardier CS100 Jets,
and increasing the airport runway by 300 meters on each end. However their plan has been met with
many challenges, because Porter's plans require regulatory and facility changes to its Billy Bishop
Toronto City Airport hub. Porter has asked for modifications to the operating agreement of the
airport to allow jets and extensions to the runway to support the new aircraft (Porter, 2015). Signed
in 1983 by the federal and municipal governments and the predecessor to the Port Authority, the
tripartite agreement lays out regulations and restrictions intended to govern Billy
... Get more on HelpWriting.net ...

14. Toyota's Core Competency
SUPPLY CHAIN MANAGEMENT
To begin I should define a core competency as this is related with the Supply Chain in my review, so
first, what is a core competency? According to Fitzsimmons (2012), core competency is something
that the company does so well that it provides the company a competitive advantage. Core
competency gives the company hard–to–imitate advantage. One of the Toyota's core competencies is
their production system which is known as Toyota Production System (TPS). This is consists of
Lean manufacturing and Just–In–Time (JIT) Production. Lean Manufacturing is the production
practice in which it is focusing on the elimination of waste and continuous improvement over long–
term. Lean Manufacturing has been proven to be ... Show more content on Helpwriting.net ...
In this case, brand management as one of the Toyota's core competencies must be exploited so that
Toyota's image can be repositioned in the customer's mind. Toyota can use marketing strategy such
as repositioning strategy to reposition itself as an innovative and user–friendly auto–maker rather
than high quality auto–maker. Keep in mind though, Toyota has overcome this negative view by
American and worldwide consumers and has streamlined its supply chain by integrating more
building of vehicle parts within the United States.
Toyota is facing fierce competition in the automotive industry. Competition is increasing with new
entrants are trying to enter the automotive industry. This new entrants can be automotive company
from Europe, China and South Korea. Direct competitors of Toyota are Honda, General Motors, and
Fords. Besides that, Hyundai has become serious threat for Toyota as well. According to Can
anything stop Toyota (2011), Hyundai's vehicles cost less than Toyota while it has more power
compared to Toyota's vehicles. In the luxury market segment, Toyota's Lexus lost to BMW in terms
of sales (Business Week 2009). Technology innovation has become major force in the industry. This
requires those automotive companies including Toyota to catch up with their competitors or
otherwise, they will lose their market shares. Recently, the raising price of fuel and pollution has
become a major concern. Therefore, the
... Get more on HelpWriting.net ...

16. The Need for Core Competency in an Organization
According to Prahalad and Hamel, core competencies arise from the integration of multiple
technologies and the coordination of diverse production skills. A core competence should provide
access to a wide variety of markets, and contribute significantly to the end–product benefits. It
should moreover be difficult for competitors to imitate. Some examples include Philip's expertise in
optical media and Sony's ability to miniaturize electronics.
Core competency is the ability of an organization to perform excellently at a particular activity
which can be technical innovation, developing excellent managers, marketing new innovative
products or providing excellent customer services. A company may hire a team of brilliant scientists
in a particular technology, but this does not imply an automatic gain of core competence in that
technology. This can only happen through the combined integrated efforts of employees with their
individual skills and experience gained along with the resources of the organization including the
way information, technology and relationships are used for the advancement of the organisation. It
is the effective coordination among all the groups involved in bringing the product to market that
results in a core competence.
It is the core competencies of an organization that acts as a differentiator for it distinguishes the
organisation from its competitors. Whereas skills and experience relate to individual people, a core
competency relates to what the
... Get more on HelpWriting.net ...

18. Strengths And Weaknesses Of Francesca Essay
Analysis of Resources and Capabilities
Strengths and Weaknesses
Francesca's is a very unique store that that is quickly growing and expanding from where it
originated in Texas and is now in 48 states across the country. They have been able to open up over
six–hundred stores nation–wide and they show no signs of slowing down. We feel like because of
their uniqueness, they have a great opportunity to expand across the world into more countries other
than the United States of America. We chose China as a great place to expand overseas due to the
fact of the high population and it becoming a great up and coming country.
Francesca's has many strengths including: strong management, customer loyalty, unique products,
fresh inventory, brand name, high quality, and product variety. The management team of Francesca's
has been very capable and forward thinking since the start of the company with the goal to expand
across the country and eventually into other markets. Their newly appointed CEO, Steven Lawrence
has lots of previous leadership experience in other companies such as JC Penney and Stage Stores
Incorporated, which helps him and everyone below him make informed business decisions. Because
of his effective leadership skills in his previous positions the company hopes that he continues the
trend of great leadership within the organization. Lawrence has some big shoes to fill because of the
success of former CEO, Michael Barnes. In the two years that Barnes
... Get more on HelpWriting.net ...

20. Describe The Importance Of Core Competencies
Answer of Question 1/
A unique ability that a company acquires from its organizers or developers and that will be not be
easily or imitated. In other words Core competencies are the skills and processes for that are used to
develop a company's core products and services, those products and services that will gives the
business a competitive advantage over and over to other businesses and are significant for the long–
term growth of the company. Core competencies are what give a company one or more competitive
advantages, in creating and delivering value to its customers in its chosen field. Also called core
capabilities or distinctive competencies. Core competencies are usually not only limited for a single
process, but it for a combination of processes, technologies and skills. Core competency arises from
the integration of different shares of the business, such as design with technological innovation. For
example, Apple's sleek design, coupled with innovative products and Sony's ability to reduce
electronics are core competencies for those companies. A core competency should assist the
company in gaining access to a wide variety of markets; donate to the benefits of the end–product;
and be difficult to duplicate. ... Show more content on Helpwriting.net ...
They are able without any doubt to achieve successful growth. This results in gaining a competitive
edge. Below, I will outline the interrelationship between core competencies and the meaning of a
company itself. They include: (1) Facilitates strategy development, (2) Encourages innovation and
(3) Enforces recruitment and
... Get more on HelpWriting.net ...

22. Core Competencies
Core Competencies as the most significant Resource The conception of core competencies evolved
from the resource– primarily based view of the firm that emphasised the actual fact that competitive
advantage rests on the firm's possession of distinctive difficult to imitate skills, knowledge,
resources and competencies (Wernerfelt, 1984; Rumelt, 1984). These causally ambiguous
irreproducible core capabilities serve to provide sustainable competitive advantage to the firm. This
view emerged as a counterpoint to market structure analysis of competitive strategy. A firm's core
competencies are so outlined as a set of downside shaping and problem–solving insights that foster
the development of idiosyncratic strategic growth alternatives (Lei, Hitt and Bettis, 1996). according
to Hamel and Prahalad (1990), core competencies have three basic characteristics: they provide
access to a large type of markets, contribute considerably to the end product ... Show more content
on Helpwriting.net ...
though researchers during this stream have delineated the boundaries to the speed of accumulation
of competencies (Dierickx and cool, 1989), these tacit strategic capabilities are notwithstanding
subject to learning (Teece, Pisano and Shuen, 1990).These collective learning or coordination skills
behind the firm's product lines are the source of its competitive advantage and enable the firm to
introduce a replacement array of products and services. By focusing on their core competencies,
companies stand to realize since they are doing those things at that they are the best. Core
competencies when viewed as distinctive knowledge for drawback definition and problem finding
will type the premise of a firm's competitive advantage and may even be leveraged in
... Get more on HelpWriting.net ...

24. Core Competencies Of Glaxosmithkline
GlaxoSmithKline is a British pharmaceutical firm established when Glaxo Wellcome and
SmithKilne Beechan merged in 2000. It is considered as fourth largest pharmaceutical industry in
the world. In 2004 an internet site was launched which contains clinical trial data that anyone can
access. In 2009 GSK acquired Stiefel. It has stated in its minion to help the people as much as it can
to make them feel better and make them live long. GKS has put a great efforts to be a leader in
science health care by innovation and research in three primary areas: pharmaceutical, Consumer
Healthcare and Vaccines in developing and distributing. They are operating in 150 countries and has
a network of 86 manufacturing units in 36 countries with large R&D centres in 5 countries. ... Show
more content on Helpwriting.net ...
Another definition which was introduced, accumulation of learning in a company of different skills
and production process to be coordinated and integrated (Engineering economics. 2009) . "It's a
communication, involvement, and deep commitment working across the organizational boundaries"
(prahalad, 1990). Core competence should support company's business strategy, since the company
has many competences and capabilities, but very letter of them are combined and integrated in a
way that it can be considered as core competencies. If the core competence do not make any
products or services that differentiate it from its competitors, then the company does not have core
competence. Customers has to understand company's core competence because it differentiate the
company from its competitor and keeps positive image in their minds. IPhone managed, for
instance, to be leader in mobile phone with its unique features and functions and made it different
from other mobile phone company. It has to be noticed, that core competence is not product or
process but knowledge (Engineering economics.
... Get more on HelpWriting.net ...

26. Case Study Of Glaxosmithkline Company
PART 1.
GlaxoSmithKline company, formed when Glaxo merged with SmithKline in 2000. The purpose of
the merger intensifying efforts in research and development of excellence for the development of
drugs and treatment. GSK since integration become a leader in innovation and development of
pharmaceutical and distribution companies, where the company has secured drugs AIDS in
developing countries at reduced prices, also has provided treatments for other diseases at an
affordable price for people in the poorest countries of the world.
It has several products branching out to several of the most important disciplines, are prescription
medicines and vaccines products, consumer healthcare products (such as Pain Relief
(Voltaren),Respiratory(Thearaflu),Oral ... Show more content on Helpwriting.net ...
Usually includes basic knowledge, experience or ability in a particular area or a specific skill, allows
a business to reach large segments of the markets, which cannot be reached by other competitors.
The core capabilities are a pivotal factor to determine the manner in which they operate companies
or employees determined core capabilities in three key criteria: Cannot competitors imitate core
competencies of the company easily, can be reused company's core competencies are widely used in
many products and markets. (Espinoza, et al, 2010)
For example, the core competence of the company Toyota Motor high quality at the best price. And
therefore provide customer value for money they pay. This can be attributed to the quality and
innovation in production. Toyota's latest revolution in car production. Where it followed a cost
leadership strategy to improve the quality of its products. Toyota has worked tirelessly to create this
distinctive competence over the years. So that other cars companies has not been able to do what
you do. This led to obtain a competitive advantage that gave a rare Toyota brand in the market.
(Gupta,
... Get more on HelpWriting.net ...

28. Aacp Core Competencies
American Academy of Nurse Practitioners (AANP)
AANP was founded in 1985 and leads the way in advocacy, continuing education and professional
development for over 60,000 members. The mission is to lead NPs in transformation patient–
centered health care (AANP, 2015).
The National Organization of Nurse Practitioner Faculties (NONPF)
NONPF established in 1974 is the only organization specifically devoted to promote nurse
practitioner education at the national and international level (NONPF, 2012).
American Association of Critical Care Nurses (AACN)
AACN is the largest specialty organization in the world, representing the interests of more than
500,000 nurses who are charged with the responsibility of caring for acutely and chronically ill
patients ... Show more content on Helpwriting.net ...
As a family nurse practitioner, I plan to work in a medical office in Palo Alto Medical Foundation
(PAMF). PAMF is a multi–specialty group practice, comprising of physicians, nurse practitioners
and physician assistants from all specialties. It has more than 1000 health care providers and has
more than 2 million patient visits each year (Palo Alto Medical Foundation, 2015). The group's
administration is headed by a Chief Executive Officer and is led by the PAMF board of directors. I
will be working in the family medicine department in PAMF. Family medicine department team
consists of family medicine doctors, nurse practitioners, physician assistants, nurses and medical
assistants. My clients include newborns, infants, children, adolescents, pregnant and post–partum
women, adults and elderly. In an average day, I see anywhere from 20–26
... Get more on HelpWriting.net ...

30. Sears Core Competencies
Running head: SEARS CORE COMPETENCIES EXAMINED
Sears Core Competencies Examined
July 8, 2012
Sears Core Competencies Examined
All companies have core competencies that they use to differentiate their company, product, or
service from the competition, Sears is no exception. Also, it is common for a company's core
competencies to change, as their industry progresses through phases and shifts its emphasis between
product and process innovations (Regis University, 2011), Sears is no exception. Yet, when a
company's core competencies become misaligned and no longer supports their strategic intent the
business is in danger of becoming obsolete (Regis University, 2011), as their customers no longer
perceive the unique benefits the company has ... Show more content on Helpwriting.net ...
By 1895, Sears's mail order business was gaining market acceptance and the Sears catalog expanded
to 532 items consisting of 'soup to nuts' products for their customers (Sears Archive, 2012),
supporting the theory that early innovators do not have a restriction on what they bring to market
(Innovation Zen, 2006). Sears's core competencies are innovation, selling, advertising, and
merchandising (Sears Archive, 2012).
By 1906 Sears was operating the largest mail order plant in the world, but that necessitated that the
company's focus shift from design dominance to products and process. Sears has entered the
transitional stage of the Abernathy – Utterback Model. Sears is tasked with the need to handle mass
orders economically and efficiently, and develops the 'time scheduling system', which brings chaos
to the mail order industry and defines a significant core competence (Sears Archive, 2012). Around
the same time, Sears's customers are shifting their focus to quality, which drives the need to replace
the fancy Sears catalog with a factual based catalog. Sears's core competencies are innovation, mail
order process, quality products, perceived value, and factual based advertisement (catalog).
By 1920, the landscape is changing from rural dwellers to city dwellers and people living in cities
outnumber rural dwellers for the first time. Sears has emerged as the dominant design of mail order
for both rural and city dwellers, but increasing competition from
... Get more on HelpWriting.net ...

32. Walmart's Core Competency
Wal–Mart core competency
The core competency of a company is viewed as a section or field where a company excels most as
compared to the competition in the same area of specialization. These core competencies are seen to
be extremely hard for the competitors to copy hence giving the company the possibility of
separating or differentiating itself from the others. A unique observation about the core competency
is that it cuts across most of the services, products as well as the market borders of the company
(Investopedia, 2013).
Wal–Mart has had two major core competencies against which it pegs its competitive advantage
over the other players within the chain–store business; price and logistics.
The price factor stands out when one makes the decision to shop at Wal–Mart since they set prices
lower than their competitors hence creating a large customer base. The price advantage they have
comes from the fact that they are able to generate extremely large sales volumes hence being able to
make profit and sustain running costs at comparatively lower profit margins as compared to
competition. This is maintained at Wal–Mart since the competition would require massive scales to
replicate this a fact that is hard to achieve (Expert Program Management, 2013).
Wal–Mart also has the core competency in terms of a superior logistics system. Despite being one of
the largest global retailers that is located in various parts of the world, Wal–Mart operates with a
state–of–the–art
... Get more on HelpWriting.net ...

34. Nursing Core Competencies
As the healthcare industry changes, challenges arise for the healthcare administrators of acute–care
organizations. One of these challenges includes the need to ensure that every member of the nursing
staff is competent within this continuously changing environment. Competence is not an
achievement; it is a habit of lifelong learning. The Joint Commission defines competencies as the
knowledge, skills, aptitude and behaviors that an individual possesses in order to perform tasks
correctly and skillfully. Core Competencies The American Association of Colleges of Nursing
(AACN) provides insight into the nursing core competencies in respect to education and the role of
a clinical nurse leader. These competencies include: communication; critical ... Show more content
on Helpwriting.net ...
Assessments provide insight into a nurse's ability to perform, discover and create new knowledge,
adapt to changes and improve performance levels. Assessments intend to protect patients through
identifying incompetent nurses, optimizing the capability of each nurse by providing incentives and
a path for future learning. In addition, assessments can assist a healthcare administrator with
choosing an applicant for advanced training. Types of Assessments Assessments can be summative
or formative. Formative refers to offering reassurance, providing a path for future learning, shaping
values and encouraging reflection. Summative assessments are used to make judgments as to a
nurse's competency, fitness to practice and qualifications for advancement. Competency Assessment
Techniques In the U.S., aspects of a model developed by the Accreditation Council for Graduate
Medical Education (ACGME) are used to assess medical residents and medical students. The
nursing industry can also use this model as a means to improve assessment techniques. There are six
interconnected competence domains: interpersonal skills and communication; medical knowledge;
professionalism; patient care; systems–based practice; practice–based learning and
... Get more on HelpWriting.net ...

36. Core Competencies
International Bulletin of Business Administration ISSN: 1451–243X Issue 6 (2009) © EuroJournals,
Inc. 2009 http://www.eurojournals.com The Impact of Core Competencies on Competitive
Advantage: Strategic Challenge Jehad S. Bani–Hani Department of Business Administration, Jadara
University, Irbid, Jordan E–mail: [email protected] Tel: [phone]; Fax: +962–2–
7201210 Faleh, Abdelgader AlHawary Department of Business Administration Applied Science
Private University, Amman, Jordan E–mail: [email protected] Tel: [phone];
Fax: [phone] Abstract This study examines the impact of core competencies on
competitive advantage and it applied on Jordanian insurance organizations. The population for this
study consisted ... Show more content on Helpwriting.net ...
Therefore, this study attempt to provide some viewpoints, and empirical results to understand this
relationship. Following are the main objectives of this study: 3. Investigating the main categories of
core competencies within the researched companies. 4. Investigating the role of core competencies
in achieving competitive advantage fore the researched companies. 3. Literature Review 3.1. Core
Competence Much of the research on competitive advantage focused on core competencies as a
major source of that advantage, core competencies include the particular set of skills and resources
affirm possesses as well as the way those resources are used to produce outcomes (Fiol, 2001). The
concept of core competence, as fundamental to organizational renewal and as a driving force behind
strategic change, interests both managers and scholars. It is a complex and challenging concept: it is
difficult to specify theoretically, to identify empirically as a phenomenon, and to apply in practice.
Scholars have recently recognized these problems in general conceptual discussions (Hafsi and
Thomas, 2005) and in core competence–specific empirical research (Wang et al., 2004).
Competencies are commonly agreed to reside in individuals and teams of individuals, implying that
the competence concept involves a cumulative hierarchy. This cumulative hierarchy notion is
evident in many streams of research concerning the
... Get more on HelpWriting.net ...

38. The Concept Of Core Competencies
Core Competencies "The concept of core competencies since its first proposition by Prof Gary
Hamel in 1990 has been subject of intense study and interest for firms to deliver sustainable
competitive advantage" (Gupta, 2013) Core competencies are the essence of what a company does
well. A business uses its core competencies to make and develop products, goods and services
according to its company mission. Core competencies are not easily replicated. They usually come
from years of experience and are stored in the collective knowledge base of the company and its
employees" (Investopedia Stock Analysis, 2015). Core competencies are what gives a company a
clear advantage over that of its competitors, and is what is used to set the company apart. Businesses
have to know what it is they do well, if they want to stay competitive in today's global marketplace.
I do believe Bluestem is already focusing on its core competencies and what it does well. Bluestem
Brands, Inc. has gained a competitive edge in the retail industry by providing quick in house credit
to the consumers who browse their site who may not have any money or credit available to them. By
refining this process and focusing on it as one of their main strengths, they now generate more
revenue in the interest collected off of their credit accounts, than on the merchandise being sold.
Core Competencies Biblical Integration As Christians we have our own set of core competencies
and this competencies apply both to the
... Get more on HelpWriting.net ...

40. Cisco Core Competencies
Q1) Cisco Systems
Cisco Systems, Inc. is an international American corporation; its head officer is in San Jose,
California. It works in designing, making, and selling networking tools. The Systems of Cisco was
established in 1984 by Leonard Bosack , Richard Troiano, and Sandy Lerner.
The company was named after the city name San Francisco in early years, the company asserted on
using the name "cisco" (Paulson, 2001).
Cisco Systems, Inc. designs, made, and vends networking products based on the Internet Protocol
equipment and facilities connected to the telecommunication and information technology business
globally. Cisco Systems is controlling the market for these kind of equipment based on the IP
protocol. The company manufactures and vends ... Show more content on Helpwriting.net ...
The objective of the Cisco executives is to emphasis consideration on competencies that truly affect
its competitive advantage. Cisco core competency comes from the precise group of talents and
manufacturing practices that bring extra value to the. These competencies allowed Cisco to enter an
extensive range of markets.
References
Books
Davies P. (2004). What's This India Business?: Offshoring, Outsourcing, and the Global Services
Revolution. London: Nicholas Brealey International.
DePamphilis D. (2008). Mergers, Acquisitions, and Other Restructuring Activities. New York:
Elsevier, Academic Press
Paulson E. (2001). "Inside Cisco: The real story of sustained M&A growth", John Wiley & Sons,
Inc.
Prashanth K. (2004). "Cisco's Acquisition Strategy", ICFAI: Centre for Management Research,
ECCH Collection.
Schilling M. (2013). Strategic management of technological innovation. International Edition.
McGraw–Hill Education.
Veldhuizen G. (2006). "The Impact of M&A–driven market dominance on innovation",
Wageningen.
Yemen G.; Chatterjee S.; &Bougeois III L. (2003). Cisco: Early if not Elegant (A). University of
Virginia. Darden Business Publishing.
... Get more on HelpWriting.net ...

42. A Short Note On Core Competencies And Competencies
V. Core Competencies:
Core Competencies One: Innovation
The definition of innovation in core competency is defined is to be, " Able to challenge conventional
practices; adapts established methods for new uses; pursues ongoing system improvement; creates
novel solutions to problems; evaluates new technology as potential solutions to existing problems."
(NHIV.gov)
One of SOBI 's core competencies is innovation. They create a work environment where employees
are free to feel creative and therefore creates more innovation. The company is constantly looking
for opportunities for growth, which is why I think that expanding into these new territories would
definitely fall within this core competency.
Core Competencies Two: Quality
SOBI ... Show more content on Helpwriting.net ...
This customer service standard will be crucial when moving into the new territories, as these are
Countries that are generally poor and uneducated when it comes to their options when treating their
disease. The idea the SOBI is there ready to answer their calls and to help them deal with insurance
and financial assistance is a big plus.
Core Competencies Four: Teamwork
Teamwork is something that SOBI boasts about throughout all of their annual reports. They are very
proud of their low turnover rate and worker initiatives they practice. They offer fixed and variable
salaries, long–term incentive programs, pension plans, open door policies and many more incentives
to maintain a happy working team. When looking at other pharmaceutical companies, SOBI has the
lowest turnover rate in the industry and they contribute this to their ability to foster teamwork.
Fostering great team work will only help SOBI when they move into these new territories. If they
have happy workers on the ground starting to market the product, physicians and patient will sense
this. Unhappy workers and high turnover rate does nothing to help the confidences of those
purchasing the products.
VI. Pricing
A. What are the fixed and variable costs to the company of producing, marketing, and selling the
new good or service
The product purchasing is a tricky situation, especially when we are talking about heavily poor
communities and countries. For those
... Get more on HelpWriting.net ...

44. Dell vs Hp
1. Introduction Both Dell and HP are two strong players in PC industry which refers to an industry
where companies produces PCs (desktops and notebooks), handheld devices (smart phones and
tablets), and workstations. However, with growing global expansion, Dell and HP's performance
differs. Dell, once the world's largest PC maker in 2001, has continually lost its market share to HP
and Acer since 2007 (Guglielmo 2009). The cause is rooted in two differences of these companies:
company diversifications and core competences. Therefore, how firms can continually survive in the
PC business is more of an issue for Dell than for HP. Nevertheless, survival is not enough. Mainly
because of the fast declining average selling prices (ASP) ... Show more content on Helpwriting.net
...
3. Survive the PC Business 4.4. The Battle Although both companies have diversified into other
industries, PC industry is still their most important source of revenue. For years, these two giants are
battling for lead in PC market. When measured by market share, HP has taken place of Dell as No.1
seller in PC market since 2007 (FIGURE 1). When measured by revenue, HP also wins over Dell for
almost five years (FIGURE 2). Also, Acer grew rapidly in market share partly because of its merger
with Gateway in 2007 (Einhorn 2007), and almost matched Dell in 2009. FIGURE 1 Global PC
Market Share (HP 2006–2010; Dell 2006–2010; Acer 2006–2010) FIGURE 2 Revenue from PC
Sales (HP 2006–2010; Dell 2006–2010) 4.5. Issues PC industry is characterized by fast declining
ASP year over year. Together with the increasing component costs from 2009, both Dell and HP are
facing squeezing profit margins (HP 2010; Dell 2010). In the first quarter of 2011, HP's gross
margin for its Personal System Group (PSG) is as low as 6.4% (Epstein 2011). Similarly, Dell's
gross margin of PCs is often 3 to 5% (Wang 2010). This indicates that if both
... Get more on HelpWriting.net ...

46. External and Internal Environment Analysis
Running head: EXTERNAL AND INTERNAL ENVIRONEMNT External and Internal
Environment Analysis Bharti Gupta University of Phoenix External and Internal Environment
Analysis: Mayo Clinic The purpose of this paper is to analyze the External and Internal
environmental factors of Mayo Clinic (MC). Mayo Clinic is a nonprofit worldwide leader in
medical care, research and education for people from all walks of life (Mayo Clinic, 2011). Various
types of external and internal factors affect the smooth flow of business at Mayo Clinic. External
environment analysis is important in determining the strategy that should be adopted by a business
and internal environment analysis is critical to identify the core competences of the business. ...
Show more content on Helpwriting.net ...
Substitutes not only limit profits in normal times but also reduce the bonanza an industry can reap in
boom times which is no good for any business in any industry. Operating Environment (OE): The
Operating Environmental factors affecting Mayo Clinic are customers and creditors. As explained in
RE the international patients count has gone down in the last decade purely because of new political
and government policies, it has also affected the customers from various demographics and
geographic aspects are not able to make it to MC. This had shown a significant impact on the
operating cost of the clinic in the last few years. With the slowed economy in the country, the
assessment of suppliers and creditors is critical to an accurate evaluation of a firm's operating
environment. Question like: Does the creditors fairly value and willingly accept the firm's pricing
strategy for the service MC provides? Do the creditors perceive the firm as having an acceptable
record of past payment? Operational indicators, which measure performance in planning and
implementing organizational strategies, are internal, and external customer satisfaction, quality
metrics, internal processes, internal innovation, and continuous improvement efforts tend to drive
future financial performance. Internal Environment To analyze the
... Get more on HelpWriting.net ...

48. Whole Foods Markets
Abstract
This paper examines the published case study Whole Foods Markets, 2005: Will There Be Enough
Organic Food to Satisfy the Growing Demand? (Hitt, Ireland and Hoskisson, 2007, p. C534).
Although the published study addresses numerous aspects of Whole Foods Market's business as a
leading international retailer of "natural" organic foods, the analysis provided herein is focused on
Whole Foods Market's ability to meet future growth demands. This paper explores Whole Foods
Market's basic internal environment with subsequent application of Porter's Five Forces Model of
Competition followed by a related Strength–Weakness–Opportunities–Threats (SWOT)
breakdown...all used to determine critical market success factors and looming challenges ... Show
more content on Helpwriting.net ...
Whole Foods has also invested in modern information systems which have enabled the company to
promote efficient communications (described in more detail below). With a well established and
accepted vision, mission and market strategy, Whole Foods' organization appears cohesive and has
maintained its core business focus throughout its remarkable growth and expansion. Physical
Resources With 270 retail locations each ranging from 45,000 to 75,000 square feet, nine
distribution centers, five commissaries, nine regional bake–houses and subsidiaries whose
operations encompass coffee production, seafood processing and produce field inspections, Whole
Foods has substantial capital investment in plant and property totaling over $1.6 billion (Whole
Foods 1, n.d., p. 1) and (MSN Money, 2008, p. 3). Whole Foods also boast a sophisticated
distribution system with retail outlets targeting affluent urban areas with higher income and
education demographics. Technical Resources Whole Foods has made significant investments in
technology to support operations and connectivity in all facets of its business units. In 2003, Whole
Foods signed a 3–year multi–million dollar contract
... Get more on HelpWriting.net ...

50. Competitor Analysis Of Harley Davidson
C. Competitor Analysis
Completing the competitor analysis allows for the company to prepare a response profile to
understand the market and where the company is positioned at this time. Within the analysis we will
observe the objectives, strategies, assumptions, and strengths and weaknesses of the company's
competitors. Based on the growing global market pertaining to motorcycles, we shall observe the
external environment. Due to the increase in the industry the company faces many competitors.
Some of the company's biggest competitors are the Japanese manufacturers, Honda, Yamaha,
Kawasaki, and Suzuki. When the Japanese manufacturers entered the industry they became
dominated by stylish designed motorcycles at a inexpensive price. Hence, due to their management,
designs, and advanced products at an affordable price, the Japanese manufactures held an
competitive advantage. They also provided diverse products that allowed for them to gain
knowledgeable use of economies of scale and scope in manufacturing. This allowed for them to
produce new models with advanced features and lower price, gaining a larger customer base.
Although, the Japanese manufactures were dominate in many ways, the British manufacturer,
Harley–Davidson, and the German manufacturer, BMW, hold significant ranking in the industry.
These manufactures produced luxury motorcycles that pleased those of higher taste. The Harley–
Davidson brand and image alone held an high standard and was an
... Get more on HelpWriting.net ...

52. Core Leadership Competencies
Running head: Army Leadership: Competent, Confident, & Agile Army Leadership: Competent,
Confident, & Agile SSG Clark, Jason C. EN ALC: Fort Leonard Wood, MO Introduction: A leader
is a person or thing that lead, direct, command or guide a group or activity. (Webster, 2002) Being a
great leader, you have to continue building and cultivating your values and characteristics, as well as
attaining more knowledge, which will be the important part of a competent leader. An Army leader,
is a person who has to obtain intellect, be physically fit, hold a professional competence, and able to
serve as a role model. Competent: There are so many organizations with leaders. By using a
competency based approach to leadership, organizations can better ... Show more content on
Helpwriting.net ...
But, problems occurred during this task. Because of miss communication from the direction of his
Platoon Sergeant the PFC was three hours late to transport the troops. In the absence of the PFC, the
soldiers had to find another way for transportation. The outcome of this issue, some soldiers were
allowed to complete their weapons qualification and the others had to delay their task for the
following day. This will add a day late on other assigned tasks. A more effective action should have
been to make sure the PFC military license was updated with the bus driver's permission. Also,
make sure the PFC has a clear understanding of the order that is given (location and
... Get more on HelpWriting.net ...

54. Chipotle Core competency
Chipotle Core competency
Core competencies are the unique ability that a company acquired when the company initially
setting up. It is the inborn competitive advantage that cannot be easily imitated by competitors.
When Chipolite was born, its owner Steve Ells targeted it as the fresh and healthy fast food which
means its products need to be fresh and fast delivery. In current dining market, there are three types
of restaurants: full service, fast food and the restaurant in between. Chipotle belongs to the last one.
Full service restaurant has the highest expense and longest time service, so it is only targeting for
mid and high class customer with their leisure time consumptions. At same time, fast food
restaurants, their aim is to ... Show more content on Helpwriting.net ...
3 chiefs could cover all the cooking work.
Another way Chipotle used to reduce the cost is to select right store location, facilitate concise
decoration and use solar panel for energy supply. Chipotle has been done very well in reducing cost
strategy and it will keep working on the improvement in the future as well.
Differentiation
The
... Get more on HelpWriting.net ...

56. School Core Competencies
Introduction The core competencies that the schools have implemented have been developed by the
central office, by the school themselves and by teachers within the school. I will be identifying three
core competencies that I have worked with in the past year and evaluate their relevance in the school
setting. I will also be looking at how the rest the school uses these competencies, along with ways
that we might be able to improve upon them.
Core Competencies of the School There are many core competencies that have been identified,
developed and put into place in my school. There are different levels that could develop the
competency, all of them are important when looking at the mission of the school. The mission for
South High is to provide ... Show more content on Helpwriting.net ...
I believe that determining how the competency is going to improve the school is the most important
part in the design. If the competency is not going to improve the school, then it must be changed so
it does improve an aspect of the school. Then the school needs to look at what students will be
affected by the new initiative. Since the students are the driving force of the school, their level of
success drives the direction of the school. The school needs to ensure that the competency will help
the students to meet the mission and vision of the school. Finally, which educator is going to take
the lead and roll out the new competency, working with and leading the faculty and students so they
may succeed with this new competency. There are many steps and it is a long process to develop a
new competency and implement it in the school
... Get more on HelpWriting.net ...

58. Nursing Core Competency
The Nurse of the Future Nursing Core Competencies were selected to serve as the backbone of
nursing. This means that every nurse that has the initials RN behind his/her name has the exact same
competency–based education, no matter where they obtained their degree. These competencies serve
as a foundation to nursing.
One competency that is pertinent to my nursing career, along with everyone else in healthcare, is
Patient–Centered Care. Regardless of whether you are in billing, management, or are a floor nurse,
the main concern should always be the patient. Healthcare is always evolving, and, with recent
changes to our healthcare administration, more focus is on revenue rather than on who is bringing in
revenue. It is our job as healthcare
... Get more on HelpWriting.net ...

60. Amana Takaful Core Competencies
Doyle & Stern (2006) explains that a competitive advantage needs to be meticulously crafted over a
period of time by channeling the organizations resources and selecting carefully crafted marketing
strategies. Figure 1.1.1 illustrates the organizational resources of Amana Takaful as derived from the
strategic audit (Appendix 1) which can enable the company to outperform its competitors and earn
the share of hearts, minds, markets and higher than average profits. Figure 1.1.1 Resources of
Amana Takaful These resources generally show and direct the company of how and what to use, in
order to create value and earn returns above average by methodically leveraging their resources,
core competencies and capabilities to take advantages of the opportunities arising in the external
environment. The role of the firm's resources is to provide a foundation for ... Show more content on
Helpwriting.net ...
It may often seem too easy to think of a whole list of things that a company could do well, however;
the 2 authors go on two give 3 ways of identifying core competencies as mentioned below.
Relevance: ability to significantly add value to the customers Difficulty to imitate: difficulty to
imitate and build upon sustainable advantage Accessibility to wide range of markets: should be able
to open up to a few potential markets Asset Valuable Rare Inimitable Non Substitutable Implications
for competitiveness Takaful Excellence for 17 years Yes Yes Yes Yes Sustain CA Skilled employees
with specialist competencies Yes Yes Yes Yes Sustain CA Sales and channel effectiveness Yes No
No No Competitive parity Marketing capability ( shariah complaint) Yes Yes Yes No Sustainable
... Get more on HelpWriting.net ...

62. Core Competencies
Core Competencies Management is challenging and requires competencies distinctly different from
other positions. After a brief six month tenure with my current employer, my manager resigned and
a door opened for me in management. I was promoted to Claims Manager and suddenly tasked with
additional responsibility and supervision of another employee. There was no job description for this
position at the time and competencies had not been formally established. However, our company
transitioned to competency based performance model the year following my promotion and required
competencies were established. Understanding the required competencies of a Claims Manager, the
skills I possessed that aligned with competencies, and the development of other competencies was
essential to my success in that role.
Competencies of Claims Manager The Claims Manager was responsible for the management
workers' compensation claims and the company's return to work program. This position requires
competency in written and oral ... Show more content on Helpwriting.net ...
However, this position required different skills and competencies than the one I was in previously.
By definition a skill is a proficiency at being able to do something while a competency is a cluster of
knowledge, skills and attitudes that enable a person to be successful at a number of similar tasks
(Blanchard & Thacker, 2013). The ability to prioritize tasks and develop systematic methods to
tackle projects are skills that I already had that aligned with the required competencies of time
management and organization. Accountability and reliability were an additional two competencies
for which I had demonstrated proficiency by ensuring tasks were completed timely, by responding
to correspondence and questions timely and accurately, and by maintaining confidence with
sensitive
... Get more on HelpWriting.net ...

64. Core Competencies Essay
1. Introduction Planning skills are any skills that allow someone to look ahead and accomplish goals
or avoid emotional, financial, physical or social hardship (Thibodeaux, 2017). Especially for the
leaders, planning skills let them make and implement right decisions. Planning skills relate to seven
areas of core competencies. The first is to set goals. To do this, someone must have a concept of
what they want to do or a holistic vision. The next areas of competence are organization, analysis
and data collection. Other capacities include diagnosing problems and causes; Predictions and
projections; Communication; Evaluation and comparison; And implement and monitor actions.
(Power, 2017). Competency is defined as a "manifest constellation ... Show more content on
Helpwriting.net ...
According to Hays' survey: 58 percent say strategic planning skills is the most important attribute
for a CFO to have; "Interestingly, CFOs are also increasingly business partners who work in close
contact with the sales function. They agree that strategic planning is the most important skill for a
CFO to possess, followed by people management, reflecting the CFO's role as a leader, influencer
and negotiator" (Sharp, 2016). Current time utilisation revealed that CFOs spend most of their time
on strategic planning, advice and management, and a great deal of time on attracting and retaining
skills, coaching and mentoring staff, investor, stakeholder and market liaison and communication,
and merger and acquisition activities. CFOs felt that the two most important hard skills for them
now and five years down the line, are general business knowledge and trend analysis, and strategic
planning skills (D., 2013). In short, there is plenty of evidence to show the trend of focusing on the
planning skills of CFOs today and it's time to consider the importance of these skills.
Importance of planning skills to CFOs In this section, the discussion will point to the importance of
planning skills to CFO's job. Planning skills are an indispensable skill of the leader, especially for
CFOs. They must build a strategic vision for the company, while also managing and planning the
financial goals
... Get more on HelpWriting.net ...

66. The Success Of Its Core Competencies
Executive Summary
The purpose of this report is to evaluate the reasons behind the success of Crocs through its core
competencies and the analysis of our recommendations. Crocs has been a phenomenal success and
there are two reasons that can be attributed to this–our Croslite technology and supply chain. By
using different marketing theories such as Porter's 5 forces and the marketing mix theories, we have
uncovered the reasons why Crocs have decided to invest in these strategies. The recommendations
raised in this report are aimed to utilise the core competency raised above and exploit them for the
future. These includes engaging professional organizations with podiatric experts to approve Crocs
as a health benefitting footwear and ... Show more content on Helpwriting.net ...
20 Conclusion
21 Appendix
27 References About Crocs
Crocs, Inc., is a world–renowned innovative footwear leader, designing, manufacturing and retailing
footwear for men, women and children. Crocs boasts a wide variety of more than 300 footwear style
suited for all seasons, with more than 200 million pairs of shoes sold in over 90 countries around the
world. (Crocs, 2014) We have shown remarkable growth and profitability since our inception to the
market in 2002. As of the second quarter of 2014, Crocs' Generally Accepted Accounting Principles
revenue increased to $376.9 million. (Crocs Investors, 2014). As Crocs grew, we extended our
product line and ventured into brand extension, as shown in Appendix A.
Acquisitions
Crocs has made a number of acquisitions to leverage our business model. As shown in Appendix B,
acquiring businesses such as EXO Italia and Tidal Trade enabled us to reduce manufacturing and
supply costs, and gains more control over our supply chain. The other acquisitions allowed us to
extend our product line and brand categories quickly.
Collaborations
We obtained licenses and copyrights from our partners to incorporate their brands, which enabled us
to diversify our product range (refer to Appendix C). Core Competencies
Core competencies are capabilities that provide a firm with competitive advantages, which
differentiates them from its competitors and defines its personalities (Hanson et al., 2014). There are
three criteria to identify core
... Get more on HelpWriting.net ...

68. Core Competency Essay
Core competencies are the most significant value creating skills within a company and key areas of
expertise that are distinctive to a company and critical to the company's long–term growth. Core
competencies are the pieces that a company is superior than its competitors in the critical, central
areas of the company where the most value is added to its products. These areas of expertise may be
in any area from product development to employee dedication. A competence which is central to
business's operations but which is not exceptional in some way is not considered as a core
competence, as it will not generate a differentiated advantage over rival businesses. It follows from
the concept of core competencies; resources that are ... Show more content on Helpwriting.net ...
The game is changing. It is not just about math and science anymore. It is about creativity,
imagination, and, above all, innovation. "Without creativity, there is no innovation. As every good
gardener knows, you can't rely on the same old flowers season after season. They die. New seeds are
needed to rejuvenate the garden and stimulate growth" (Dundon, 2002). What is unfolding is the
commoditization of knowledge. "The Theory of evolution says continuous change is inevitable and
if one does not evolve, they will perish" (Darwin's theory of evolution, 2006). This is true for
businesses and companies. If companies do not evolve then their survival is in jeopardy. A key to
survival is a core competency that the company has built over time. These competencies are what a
company is built upon. Companies that are successful and continue to survive have shown that they
focus on building core competency and in turn their ability to innovate increases. Based on their
core competencies these companies have built products (line extension) or services (redirection) that
can be applied to variety of applications. Successful companies are eager to build competencies that
will help them become world leaders. They do not solely focus on products alone; they focus on
System Thinking, how one piece affects the entire system (Dundon, 2002). This type of thinking
shows a focus on core. A piece of the system is most likely
... Get more on HelpWriting.net ...

70. How Does the Development of Core Competencies Provide Both...
"How does the development of core competencies provide both advantages and disadvantages for an
organisation? What steps can managers take to prevent core competencies becoming core
rigidities?" In today's world competition among firms becomes globalized and more intense. In
order to become superiorly competitive, companies should enhance its competencies in a way that
will allow them to achieve dominant position in a market. One way of accomplishing it is by
development of core competencies. Competencies are considered core if they are skillfully
performed and are principal to company's strategy and its competiveness (Thompson et al, 2013).
They are result of 'collective learning' activities (Prohalad and Hamel, 1990), a combination of ...
Show more content on Helpwriting.net ...
For instance, mentioned by some participants in the discussion, Nokia lost its leadership in
production of mobile phones as they were unable to adapt to the new era of phones pioneered by
Iphone. There has been general consensus throughout the discussion that applying dynamic
capabilities approach can prevent core competencies becoming core rigidities. The idea of dynamic
capabilities lies in a necessity of a company to create, extend and modify its resource base, whether
it would be minor continuous improvements; creation of new resources or combination of existing
ones in new ways; or a complete renewing of the resource base,depending on how dynamic the
environment is, in order to sustain competitive advantage and address external changes. What is
important here is the managers' perception of the environmental dynamism that providesthe basis for
their ability to identify the need for changes and extend those changes when necessary. According to
Amrosini et al (2009), managers who fail to identify correctly the environmental dynamism may
react not accordingly to the actual environment and, thus, apply insufficient changes (risk of
strategic shift), prefer predictability of routine past
... Get more on HelpWriting.net ...

72. Chipotle Core competency
Chipotle Core competency
Core competencies are the unique ability that a company acquired when the company initially
setting up. It is the inborn competitive advantage that cannot be easily imitated by competitors.
When Chipolite was born, its owner Steve Ells targeted it as the fresh and healthy fast food which
means its products need to be fresh and fast delivery. In current dining market, there are three types
of restaurants: full service, fast food and the restaurant in between. Chipotle belongs to the last one.
Full service restaurant has the highest expense and longest time service, so it is only targeting for
mid and high class customer with their leisure time consumptions. At same time, fast food
restaurants, their aim is to ... Show more content on Helpwriting.net ...
3 chiefs could cover all the cooking work.
Another way Chipotle used to reduce the cost is to select right store location, facilitate concise
decoration and use solar panel for energy supply. Chipotle has been done very well in reducing cost
strategy and it will keep working on the improvement in the future as well.
Differentiation
The
... Get more on HelpWriting.net ...

74. Are The Core Competencies Cause The Internal And External...
Yes, Uber has many different divisions, that allow for the organization to best meet the needs for the
market. By having definite divisions, it allows Uber to specifically state the roles of that division.
Therefore, it allows for accountability to be taken by each division. Responsibility can be taken by
that area. Relating to organization culture, it allows for Uber to create subcultures internally that
allows that division to best reach their goals. Most importantly, it allows for organizational
efficiency. By having so many divisions, Uber can quickly reach the needs of the internal and
external stakeholders.
According to the textbook, a core competency is a "manager's skills and abilities in value–creation
activities such as manufacturing, R&D, managing new technology and organizational design and
change. (pg.12)" These core competencies cause a competitive advantage which is "the ability of
one company to outperform another because its managers are able to create more value from the
resources at their disposal (pg. 12)." Uber's core competency is creating a customer user face that is
universally functional. Their applications allow for access to both high and low end services that are
reliable such UberX and UberBlack. Also, the overall business operation is capable for their services
and competent in their management relationships. Another core competency is the way in which
Uber delivers its ride sharing services. Essentially, Uber's business model and their core
... Get more on HelpWriting.net ...

76. Leadership Competencies : Key Core Competencies
Leadership Competencies "We all have competencies. They are the sum of our experiences and the
knowledge, skills, values, and attitudes we have acquired during our lifetime" (Pickett, 1998, p.
103). A successful organization will have a set of competencies defined. Having competencies
identified outlines the framework of standards that a company and employees should follow. There
is a tendency to list a large number of competencies when creating the standards for an organization.
Companies should focus on five to seven key core competencies that are needed in order to be
successful. The core competencies should encompass the growth of the company, staff, and public
perception. Competencies Knowledge. "Knowledge refers to informative and learning resting in a
person, such as surgeon's knowledge of human anatomy" (Vazirani, 2010, p. 124). Knowledge as a
competency is to share or gain knowledge about a given subject. A leader will take time to train,
offer professional development, and aid in the advancement of their employees (Frisch &
Huppenbauer, 2014). By imparting their knowledge, they are helping to cultivate the culture and
next generation of leaders. This is an important competency because it includes the historical
knowledge with the new, innovative knowledge giving a company a large pool of information to
work with. Skills. "This refers to a person's ability to perform a certain task, such as a surgeon's skill
to perform surgery" (Vazirani, 2010, p. 124).
... Get more on HelpWriting.net ...

78. Outsourcing : A Company Can Save The Cost
Outsourcing: A company can save the cost and create a value if any of the value chain activity can
be performed outside the company otherwise performed in–house. Companies withdraw from a few
noncore activities and rely upon the outside company to supply a part of the product or services that
is not a company 's core competency. Outsourcing can increase competitiveness any time when the
same activity performed better at a lower cost, these activities are not a core capabilities of the
company, it reduces time and speeds up the process, allow organizational flexibility, and allows
concentration on the core business competencies that the company does best. Normally, before
making any strategic move, a cost–benefit analysis is performed to decide, if off–shore, on–shore or
service contract to another firm is necessary and the best move from a strategy perspective. Off–
shore outsourcing adds a complex foreign supplier, global trade into the equation and requires
consideration of a global strategy as part of the generic strategy.
Website Strategy: The internet and mobile technology have changed the way we live and it is an
important channel for a customer to interact in the retail industry. It is necessary for companies to
have a web presence to help build a market position to complement its strategic options. Companies
use web presence as a distribution channel, use as a marketing channel to reach customers, make
product information available electronically, and sell products
... Get more on HelpWriting.net ...