Core competence and distinctive competence

Assignment Help Operation Management

Reference no: EM132113775

A. The difference between a core competence and a distinctive competence is that

1. a core competence refers to an activity that a company performs better than its rivals, while a distinctive competence refers to an activity that a company performs well

2. a core competence refers to an activity that a company performs well, while a distinctive competence refers to an activity that a company performs well and is central to its profitability

3. a core competence refers to an activity that a company performs better than its rivals, while a distinctive competence refers to an activity that a company performs well and is central to its profitability

4. a core competence refers to an activity that a company performs well, while a distinctive competence refers to an activity that a company performs better than its rivals

5. a core competence refers to an activity that a company performs well and is central to its profitability, while a distinctive competence refers to an activity that a company performs better than its rivals

B. For a particular company resource strength or capability to qualify as a basis for competitive advantage, it should

1. be something that a company does internally rather than in collaborative arrangements with outsiders

2. have the potential to qualify as patent or trademark

3. be hard for rivals to copy and not be easily trumped by the different resource strengths or capabilities of rivals

4. have the potential to lower the firm’s unit costs

5. be an industry key success factor and occupy a prime position in the company’s value chain

Reference no: EM132113775

Questions Cloud

Savastano orthodonotics business complete with practice : List some of the characteristics that make the Dunn and Savastano Orthodonotics business complete with other practices

Interview where the interviewer can deep dive on responses : Are there certain topics or issues that are best to be discussed in an interview where the interviewer can "deep dive" on responses?

Overhead cost pools-overhead and general and administrative : Your organization has two overhead cost pools: (1) Overhead and (2) General and Administrative (G&A).

Base forecast by appropriate seasonal index : In a multiplicative seasonal model, we multiply a base forecast by an appropriate seasonal index.

Core competence and distinctive competence : The difference between a core competence and a distinctive competence is that

Matrix scores consistent with grow and build strategy : What is the range of EFE Matrix scores consistent with a Grow & Build strategy?

Discuss some of the challenges involved in ensuring : Discuss some of the challenges involved in ensuring that critical knowledge is transferred both to present-day employees as well as future ones.

Found the required price using the definition of OCF : To solve the bid price problem presented in the text, we set the project NPV equal to zero and found the required price using the definition of OCF.

What is the probability : What is the probability (percentage) that when you arrive there will be three or more vehicles ahead of you?

User Account

All Pages