generates more consumes large amounts of cash. Star- products that are in high growth markets with a relatively high share of that market. They tend to generate high amounts of income. Question Mark- growing rapidly and thus consumes large amounts of cash but because they have low markets shares they do not generate much cash 2. What are core competences? Core competences are critical capabilities to a business achieving competitive advantage. The starting point for analysing core competences
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*--Explain the concept of core rigidity. Do long lived organizations inevitably have difficulties avoiding the problem? Use examples from automobile industry --* Core competencies are capabilities that serve as a source of competitive advantage for a firm over its rivals (Hanson‚ 2008). Those capabilities must include usage of services or resources being valuable‚ rare‚ non-substitutable and costly to imitate. Using the capabilities strategically will make a core competency‚ which brings the significance
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How to drive a stick shift vehicle Driving a vehicle with manual transmission‚ also known as “driving stick”‚ can be confusing and or very difficult for people of all ages. Many drivers go through life without even owning a vehicle with a manual transmission. Learning to drive stick is a skill that can come in handy as this style of vehicle is very popular. Written instructions are no substitute for hands on activity. Driving standard is a skill acquired by time and cannot be achieved by just
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Stick Shift vs. Automatic Manual vs. Automatic Andrew Telecky ENG121: English Composition I Holly Wilcox March 2012 I. Why are manual transmission cars so popular? II. What makes a manual transmission car more favorable? a) Requires more skill b) Safer c) More Fun I Advantages of a manual transmission vehicle
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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 Core competencies are concepts that are enhanced as they are used; unlike physical assets of the company that become outdated with time and deteriorate‚ core competencies develop as they are shared and applied throughout.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
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business strategy is identifying the organization’s core competencies. Therefore‚ an important part of strategic planning is identifying and predicting the core competencies. Core Competencies According to Prahalad and Hamel (1990) “Core competencies are the collective learning in the organization‚ especially how to coordinate diverse production skills and integrate multiple streams of technologies.” From their points of view the core competencies are the collective knowledge and skills
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Incense sticks from India. VJP is trying to get the exclusive distribution for the product in USA‚ and their first start will be in Florida‚ because it is the home place for business. VJP has an excellent relationship with the distributors and wholesalers in Miami Dade and Broward‚ in Florida. VJP has the knowledge of the wholesale channel and want to develop with new products for the final customer. The final customer needs quality not too many ashes‚ burning time to at least 40 minutes per stick‚ availability
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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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when I’m hungry. Sometimes‚ I have to think if I had any good friends or if there weren’t none. On certain days‚ I would sometimes hang out with friends that I barely talk to. Friends always come and go from what I been taught. My friends are determine based on personality‚ style‚ and much more. Sometimes‚ I don’t see the true side of a friend until later down the line. I always observe my friends so that I know what category to place them in. According to Judith Viorst’s “Friends‚ Good Friends
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What is core banking? Initially when banks expanded to different cities and states‚ they provided branch specific banking. So if a customer has a bank account with a bank in city A‚ he cannot use the services of a branch in city B. The bank would usually delay the processing of financial instruments issued from some other branches to 2-3 working days. Then came the concept of Core Banking. Wherein‚ a customer who has an account with the bank can use any of its branches irrespective of the city
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