1. Core Competencies and Organizations
Competencies, also known as capabilities are "the ability to do something successfully or efficiently" (Oxford English Dictionary, 1989). ... For example, Ben & Jerry's core competency is the combination of unique flavours and the way they name their products which allow them to stand out in the market (Thompson et al., 2013). ... For example, General Motors, once a symbol America's industrial prowess, was declared bankrupt in 2009, and it was one of the largest-ever bankruptcy filing for a US manufacturing company. ... To cope with the core rigidity, companies can consider many dif...
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- Grade Level: Undergraduate