Internal Situation Analysis And Competitive Strength

The core competency of an organization shows what makes them unique in order to have an advantage in competing with competitors in the same industry. Nordstrom’s core competency is rooted in its strategy providing superlative customer service. Nordstrom values their employees as their most valuable asset or capital in the organization.

Investopedia defines core competencies as “the main strengths or strategic advantages of a business.” Furthermore Investopedia describes core competencies as “the combination of pooled knowledge and technical capacities allowing a business to be competitive in the marketplace.” (Investopedia 2014). Considering these definitions, the following are Croc’s core competencies:

Intel is the preeminent supplier of semiconductor chips and platforms geared toward the global digital economy. Intel’s strategy involves competition in each relative market segment and the use of core competencies in the design and production of integrated circuits. Intel is also notable for their financial assets, global existence, and their significant brand recognition. Intel’s current principal component-level product line includes chipsets, flash memory, and microprocessors. Also, Intel Corporation retains, “A set of integrated and harmonized abilities that distinguish the firm in the marketplace” (Schilling 123). Furthermore, the three applicable tests used to determine a firm’s core competencies, according to Prahalad and Hamel, suggests that

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.

Core competencies are the capabilities that are critical to a business achieving competitive advantage. The starting point for analysing core competencies is recognising that competition between businesses is as much a race for competence mastery as it is for market position and market power. (Prahalad and Hamel)

Core competencies are set of skills, expertise and professionalism which the service is executed (Johnston & Clark 2001). They make a firm to stand apart and develop a competitive advantage.

Core Competencies: The Company is full of assurance and potential. Each and every day represents a new opportunity to share Vision, strategy and style.

Core competence is one of the important concepts that were introduced for the understanding of product

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

For a business to be successful and have a competitive advantage, it is important to evaluate the company’s resources and capabilities (Pitt & Koufopoulos, 2012). Resources in a company are the productive assets owned (tangible or intangible) whereas capabilities are what the company can do with this (Grant, 2010). “Establishing competitive

Through an internal environment analysis, companies can identify and understand their own unique resources, capabilities, and competencies that are required for their sustainable competitive advantage. Resources, capabilities, and core competencies are the foundation of competitive advantage. There is no competitive advantages are permanently sustainable in any companies, so they have to consist on their current advantages and develop new advantages by internally understanding and analyzing their resources and capabilities. Competitors have their own unique resources, capabilities, and core competencies to create values for their customers. Both tangible and intangible resources, which include individual, social and organizational phenomena, are combined to generate capabilities. In turn, company’s capabilities are used to build core competencies. Also, core competencies are as a source of competitive advantage for a company to win in the competitive market.

Finally, the competences are the skills that the company deploy its resources effectively. From the skills element’s viewpoint of BMW Group possesses knowledgeable, high quality and skilful staff, as well as the strong brand image and product design which make the Group competitiveness.

An AbbVie core competency starts with adaptability which is to maintain effectiveness in different environment and with different tasks and responsibilities. While the second competency is collaboration: where all should work effectively with team or work group even those existing outside formal line of authority in order to accomplish organisational goals. Other competencies are innovation (which is the main tool to generate creative solutions), integrity (to build a trust), customer focus and ending with planning and organizing.

Core competency is said to resource allocation, capabilities, knowledge, skills, and expertise along side price chain. It wants 3 elements: skills, resources and processes, and it is communication,

According to Griffin & Pustay (2005), a core competency is a distinctive strength or advantage that is central to a firm¡¦s operations, and by utilising its core competency in new markets, the firm is able to increase