BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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strengths.
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core competencies.
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capabilities.
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customer value
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Detailed explanation-1: -Answer and Explanation: Core competencies of an organization refer to its resources, abilities, specializations, techniques which make the organization different from other organizations. Core competencies are the special qualities of the organization.
Detailed explanation-2: -Answer: Organizational routine and process that determines effectively and efficiently the organisation transform inputs into outputs are called Core Competencies.
Detailed explanation-3: -In organisational theory, organisational routines are “repetitive, recognizable patterns of interdependent actions carried out by multiple actors”. In evolution and evolutionary economics routines serve as social replicators – mechanisms that help to maintain organisational behaviors and knowledge.