develop strategies to gain a competitive advantage. One way an organization establishes competitive advantage is through the use and development of core competencies. Core competencies are the value created activities that allows a company to achieve efficiency‚ quality‚ innovation‚ or customer responsiveness (Jones‚ 2010). Two specific core competencies that give an organization a competitive advantage are functional and organizational resources. Functional resources are simply the skills possessed
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Background According to Burger King’s 2012 Annual Report‚ Burger King Worldwide‚ Inc. (Burger King) is a Delaware corporation formed on April 2‚ 2012 and the indirect parent of Burger King Corporation‚ a Florida corporation that franchises and operates fast food hamburger restaurants‚ principally under the Burger King brand. The company is the world’s second largest fast food hamburger restaurant (FFHR) based on total number of restaurants. As of December 31‚ 2012‚ Burger King owned or franchised a
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Core Competencies Core competencies are the essential capabilities that create a firm’s sustainable competitive advantage. Based on experience‚ knowledge‚ and know-how‚ they are built up over time and cannot be easily imitated. For this reason‚ products and technologies are seldom core competencies. The advantage they provide is short-lived‚ and other companies can readily purchase‚ emulate‚ or improve upon them. Core competencies are more likely to be processes. Processes cut across functional
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Core Competencies Introduction Core competencies are those capabilities that are critical to a business achieving competitive advantage. The starting point for analysing core competencies is recognising that competition between businesses is as much a race for competence mastery as it is for market position and market power. Senior management cannot focus on all activities of a business and the competencies required to undertake them. So the goal is for management to focus attention on competencies
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According to this article‚ core competencies involve many different people on many different levels. Core competencies are concepts that are enhanced as they are used; unlike physical assets of the company that become outdated with time and deteriorate‚ core competencies develop as they are shared and applied throughout. The concept has three key requirements for a company to view it has a central means to its way the company or employees work. One requirement for a core competency is that it is not easy
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Business and Economics Burger King in Portugal To lead or to follow? Sara Saraiva Patrone | Number 152110048 Advisor: Professor Mário Valente Dissertation submitted in partial fulfillment of requirements for the degree of MSc in Business Administration‚ at the Universidade Católica Portuguesa‚ June 2012 Burger King in Portugal – To lead or to follow? Abstract Title: Burger King in Portugal. To lead or to follow? Author: Sara Saraiva Patrone In 2001‚ the Burger King (BK) brand‚ managed by
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Core Competencies South University Online NSG5000 Week 4 Assignment 2 Vicki Rostis September 12‚ 2014 Core Competencies Hamric‚ Hanson‚ O’Grady & Tracy (2014) define competencies as “a broad area of skillful performance.” Competencies include activities implemented by advanced practice nurses while providing direct patient care and the processes‚ knowledge and skills used in all aspects of advanced practice. There are seven core competencies associated with the advanced practice registered
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C HAP T ER 12 An intriguing possibility is the near-officeless headquarters for international companies. Technology may permit more people to work from anywhere as they e- mail and teleconference with their colleagues‚ customers‚ and suppliers elsewhere. Thus they can live anywhere in the world and work from their homes‚ as is already occurring within some professions.62 However‚ if people can work from their homes‚ they may move their homes where they want to live rather than living
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Nurse practitioners‚ nurse educators and nurse administrators are all advanced practice registered nurses by simple definition. What separates‚ yet defines and merges each of these complex roles is a set of core competencies essential for practice. While each role may differ in the practical sense‚ the similarities of the stated core competencies by each professional organization will become more clear and concise. The initial difference identified by most is clinical advanced roles versus non-clinical
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Apple Inc.‚ 2008 1. What were Apple’s competitive advantages in the computer business? There are mainly two kinds of competitive advantages‚ which are cost advantage and differentiation advantage. Apparently‚ Apple adopted the latter one. On one hand‚ Apple enjoys high-end technology and innovation and keeps offering unique features. Apple put a high premium on creating machines that offered a cutting-edge‚ tightly integrated user experience. In marketing its Mac products‚ Apple highlighted
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