Summary of Core Competencies

The video discusses the concept of core competencies in business strategy, emphasizing its importance for competitive advantage. Core competencies are unique skills or abilities that enable a business to compete effectively in the market. The idea was popularized by management theorists Gary Hamel and C.K. Prahalad in their book "Competing for the Future," where they argued that management teams should build, deploy, and protect these core competencies.

Main Financial Strategies and Business Trends:

Examples of Core Competencies:

Conditions for a Core Competence:

Criticisms of Core Competency Model:

Methodology:

Assess a business's core competencies by checking if they meet the three outlined conditions.

Presenters/Sources:

The concepts discussed are attributed to Gary Hamel and C.K. Prahalad.

Notable Quotes

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Category

Business and Finance

Video