What core competences give an organization competitive advantage? What are examples of an organization's functional-level strategies?
The core competencies of the organizations are generally said to be market-oriented because the organizations try to become better than their competing companies in the market. Core competency refers to a specific or unique skill or a production technique used by the organizations that aims towards providing value to the customers (Hoskisson, Hitt &Ireland, 2008). The following are the core competencies that can give the organizations competitive edge:
Focusing and managing time: It is considered as a factor that can lead the companies to attain competitive edge, as it is said to be equivalent to money and can be used as a strategic weapon that can enable the companies to reduce costs, cover more market segments, up-gradation of technologies etc.
Organizational learning: This can be one of the ...
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