Buy custom honda: operations based core competence
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Business
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3 / 564 |
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The term dynamic is defined as “the capacity to renew competences so as to achieve congruence with the changing business environmentâ€. This is the ability of the firm to continuously generate new forms of competitive advantage. In essence, the core competences are those valuable and unique capabilities that are collective and unique as well as strategically flexible and dynamic so allowing creating new products or opening new markets...
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In this regard, the competence view departs from strict focus on business level strategy and begins to deal with corporate level strategy, where the key question is, “in what businesses should my company operate?â€
A classic example is Honda. Rather than being just a motorcycle company, Honda worked out that its core competence was in small engines...
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