The core competence of the corporation and apply it to BBCL Assignment

The core competence of the corporation and apply it to BBCL - Assignment ExampleThey invent new markets and products of superior tonicity, diversify to stay ahead of their competitors, integrate with another(prenominal) best-performing firms, and form alliances in order to learn what they are not best at besides having a visionary staff, management and a valuable order chain process in their business operations. Firms that lack core competences in their value chain neither survive nor grow.Diversified firms are likened to a guide with its trunk and major branches being its core products, smaller branches being its business units while its leaves being its end products. The critical part of nourishing and stabilizing the manoeuver is the root system which likened to core competences, which consist of a collective of skills and learning to build up over time in all the distinctive move the company can use to stay ahead of its rivals.It is critical to articulate the strategic inte nts to the entire organisations .This is imperative in defining the company and its markets, identify projects that forget enhance the core competence, allocating resources to help achieve these goals in addition to hiring requisite people with needed skills and knowledge to implement these strategies for achieve its goals. Thus, core competencies takes a bodily view as agate lineed to a business unit which only takes in company operating multiple business units with managers always viewing themselves as competitors, for instances, the contrast between GTE and NECs performance which was mainly attributed to recognising, articulating and building competence by NEC that gave it a competitive market share than GTE which did not, though it had a larger capital base as compared to NEC. (Prahalad and Hamel 1990, p 1).In todays business environment that is characterized by stiff competition, speed, low-cost high quality products and blue-sky technology, companies need excellent strategi es well planned, chosen, executed and constantly revised to survive, grow and be