Core Competencies A core competency is a concept in management theory originally advocated by CK Prahalad‚ and Gary Hamel‚ two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it‚ or its employees‚ works. It fulfills three key criteria: 1. It is not easy for competitors to imitate. 2. It can be re-used widely for many products and markets. 3. It must contribute to the end consumer’s experienced benefits. C.K. Prahalad and
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Burger King’s grand strategyWhat are grand strategies? Grand strategies are comprehensive‚ long term plan of essential actions by which a firm plans to achieve its major objectives. Key factors of this strategy may include market‚ product‚ and organization development through acquisition‚ divestiture‚ diversification‚ joint ventures‚ or strategy alliances. There are three types of company implementing grand strategies‚ growth strategy‚ stability strategy and defensive strategy. Our company ‘Burger
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the case. Analysis Core Competencies A core competency in Chipotle lies in their vision to ‘Change the way people think and eat fast food’. Chipotle was able to draw a much different concept than most other fast food chains. Through leadership and guidance of their founder Steve Ells‚ Chipotle has been able to grow into a large multinational corporation trading on the stock exchange and having thousands of locations in North America and many more in Europe. Their competency lied in commitment to
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companies create value for customers and build strong customers relationships in order to capture value from customers in return‚ Kotler & Armstrong (2010). Burger King Corporation (BKC) is one of the world’s leading fast food restaurants with more than 12‚170 restaurants in 76 countries throughout the world. The chain offers a range of burgers‚ sandwiches‚ salads and breakfasts‚ french fries‚ soft drinks and other food items. The company generates revenue from three sources: retail sales at company
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Introduction Burger King is the world’s largest flame broiled fast food restaurant chain. As of 2011‚ Burger King operates restaurants in 12‚300 locations serving over 11 million guests daily in 76 countries and territories worldwide (Burger King ‚ 2011). Burger King’s core competency is its unique flame-broiled burgers. This process is difficult to imitate and helps differentiates Burger King from other fast food chains that fry their burgers instead. So much so in fact‚ no other fast food provider
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Global Engineering Services With offices in 25 countries and 24/7 coverage‚ Fluor has global engineering and design capabilities to meet its clients’ project needs anywhere in the world. The company’s engineering expertise ranges from traditional disciplines‚ such as architectural‚ civil‚ electrical‚ mechanical‚ piping‚ and structural engineering; to advanced specialties including simulation‚ enterprise integration‚ integrated automation processes‚ and interactive 3D and 4D modeling. During
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operated by either a franchisee‚ or the corporate itself‚ approximately 15% of McDonald’s restaurants are owned itself directly and the remainder are operated by other through a variety of franchise agreements and joint ventures. 4.2 Burger King Burger King is founded United States in 1954‚ it is the second largest chain of hamburger fast food restaurant in terms of global locations. They owned a total of 12‚521 restaurants in 81 countries‚ approximately 90% of the current restaurants are franchised
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11 core competencies in nursing 1. safe and quality nursing care 2. management of resources and environment’s 3. health education 4. legal responsibility 5. ethic/moral responsibility 6. personal and professional development 7. quality improvement 8. research 9. record management 10. communication 11. collaboration and teamwork CONCEPTS UNDERLYING CORE COMPETENCIES I. PATIENT CARE COMPETENCIES 1. Safe and Quality Nursing Care Core Competency 1: Demonstrates knowledge base on the health /illness
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Airlines‚ Gary Kelly‚ has been able to work with fuel companies to provide one of the lowest costs for gas than any other company. With his great knowledge and social personality‚ he has been a very effective leader for Southwest. The company’s core competencies is treating their customers with respect and showing them that they are valuable and treating their employees even better. Analysis of Southwest Airlines When talking about big airlines‚ the main companies that come to peoples’ mind are
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McDonalds and Burger King are two separate entities with a lot of differences‚ but the two have been competitors for decades. In order for one to know why the two have come to compete over the years‚ he or she must first understand the two entities and their entirety. This paper will analyze the differences of the corporate cultures of McDonalds and Burger King‚ Analyze the ways in which the two have benefitted from one another’s competition‚ and discuss the ways in which the companies will continue
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