BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Core competencies are resources and capabilities that serve as a source of a firm’s competitive advantage over rivals. Core competencies distinguish a company competitively and reflect its personality.

Detailed explanation-2: -core competence. When resources and capabilities serve as a source of competitive advantage for a firm, the firm has created a(n): core competence. a picture of what the firm wants to be and, in broad terms, what it wants to ultimately achieve.

Detailed explanation-3: -Capabilities refer to the firm’s ability to utilize its resources effectively. An example of a capability is the ability to bring a product to market faster than competitors.

Detailed explanation-4: -For any organization, its core competency refers to the capabilities, knowledge, skills and resources that constitute its “defining strength.” A company’s core competency is distinct, and therefore not easily replicated by other organizations, whether they’re existing competitors or new entrants into its market.