Definition: Core Competence is an inside-out corporate strategy model by Hamel and Prahalad ('90) that initiates the strategy process by thinking first about the core strengths of an organization.
Proponents of this approach argue that in the long run, competitiveness derives from an ability to build a CC, at lower cost and more speedily than competitors.
The outside world (market, competition, customer) is (only) considered afterwards, unlike outside-in strategy tools such as Porter's Five Forces model.
See also Distinctive Capabilities, Dynamic Capabilities.
More on corporate strategy: ADL Matrix, BCG Matrix, Congruent Strategy, Corporate Mission, Corporate Strategy, more...
You may also like:
Full-time MBA, Executive MBA, Executive Education, Online MBA.
MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration.
We like to keep things short, and provide links to learn more about your subject.
© 2023 MBA Brief - Last updated: 5-12-2023 - Privacy | Terms