Question

What is NOT part of the process of upgrading core competencies and competitive capabilities? Multiple Choice Core competencies can be leveraged into competitive advantage by concentrating sufficient effort and talent on deepening and strengthening them so that the firm achieves dominating depth and gains the capability to outperform rivals by a meaningful margin. Core competencies have to be tweaked and adjusted to keep them fresh and responsive to changing customer needs and market conditions. Core competencies typically are lodged in the combined efforts of different work groups and departments. Core competencies generally grow out of company efforts to master a strategy-critical technology or to invent and patent a valuable technology Core competencies tend to emerge gradually rather than blossom quickly

Answer 1

Answer: Core competencies generally grow out of company efforts to master a strategy-critical technology or to invent and patent a valuable technology.

Core competencies are the skills and specialities that a company posses in order to produce the goods and services. Every business has its own core competencies on which the business focuses on. Core competencies are the actual performance of the plant by considering the competitors standard of production. The parameters that are considered are flexibility, cost, etc.