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CORE COMPETENCIES IBD

ROBERT DAVID HUGHES
HUGHES CONSULTING LIMITED
12 / 2021
9780473611002
Inglés

Sinopsis

Core competencies are the most important scarce resource a business can create. Core competencies stem from the businessâÇÖs accumulated experience, and its organisation wide systems and processes. Where these drive declining cost economies that result in the business having lower average unit costs than competitors, then it has a competitive advantage.There are several reasons for being interested in the subject of core competencies, the main ones being to:-áááááááDesign ways to create new core competencies, and thereby to increase the value of the business.-áááááááLeverage existing core competencies into new business opportunities. This option is important to businesses that have created resources where the best way to monetise them is through the continuity of the business.-áááááááMaintain and increase the value of existing core competencies. This is a preoccupation of businesses faced with capital budgeting constraints and getting the right balance between the different demands for capital.-áááááááGuide business transformation in response to changes in market conditions.-áááááááDirect turnaround managers of businesses under financial stress, to identify the businessâÇÖs core competencies to safeguard them so they are not destroyed in the drive to re-establish profitability.Core Competencies: Real options as corporate strategy provides practical approaches, and guild to identifying and evaluating a businessâÇÖs core competencies and how to improve them. It also describes the different ways that core competencies can be leveraged into new business opportunities.