Core Competencies in an Organization
What are Organizational Core Competencies?
Core competencies refers to the management of combined numerous resources and skills in order to provide a potential access to the markets to gain a competitive advantage. Writers who offer strategic management assignment help at Edudorm essay writing service notes that it is true to say that an organization has to identify its underlying skills, knowledge, technology experience and abilities in order to set unique services and products to sphere head competitive advantage (Kahawatte, 2010). This can be achieved through a process of building up the resources and capabilities for any given organization.
Advantages of Organizational Core Competencies
I agree that the capabilities of the core competencies serve a firm right over its rivals as they are able to invest in resources and time in a wisely manner that enables the company to figure out where their strengths lie (Ireland, Hoskisson & Hitt, 2012). This enables to company to maximize its abilities that emerge in a more successful way such as the Apple Company has done in innovation.
Use of Organizational Core Competencies
It is true to say that various firms use the core competencies by implementing strategies of value creating and addition that results in customer’s satisfaction. These strategies have been used by the firms to determine who to serve as their need are addressed (Kahawatte, 2010). Experts who offer operations management assignment help at Edudorm essay writing service indicates that products have been developed in a manner that customers who are targeted are reached and there is a continuous process of improvement, innovation, and upgrades in order to produce more superior products.
Ability to Put Resources Together through Applying Core Competencies
It is true to say that core competencies capability is power or the ability to put resources together in order to perform objectively in any given ability. I agree that assets can be of no use if the inputs are of no value and no good use is put into them (Rothwell & Graber, 2010). Authors who offer corporate strategy assignment help at Edudorm essay writing service points that on the other hand, competency refers to the ability to do things in a more efficiently and successful manner which includes prowess, mastery, and proficiency.
Ability to Manage Resources
I am in support of organizational core competencies capability is the ability of an organization to manage its resources such as the employees in order to gain a competitive advantage by a way of focusing its ability to meet the customers demand (Rothwell & Graber, 2010). This is done by putting together all the resources such as technology and staff to achieve it.
Recommendations for Organizations
Although various organizational departments have to work together to achieve its objectivity a firm’s capacity is reflected by the way resources are deployed in a more purposely integrated manner (Ireland, Hoskisson & Hitt, 2012). I agree that the process is complex as there are both tangible and intangible resources coming together over time. Tutors who offer strategic marketing assignment help at Edudorm essay writing service acknowledges that if an organization puts and nurtures its core competencies than competitive advantage, the overall objective of the organization, returns above average and value creation are achieved.
References
Ireland, R. D., Hoskisson, R. E., & Hitt, M. A. (2012). Understanding business strategy: Concepts plus. Mason, OH: South-Western Cengage Learning.
Kahawatte, U. (2010). Ryanair’s strategy from a perspective of core competencies. München: GRIN Verlag GmbH.
Rothwell, W. J., & Graber, J. M. (2010). Competency-based training basics. Alexandria, Va: ASTD Press.
