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Management · Q102

Strategic Management

Graduate and Post Graduate · Management · question 102

Q102

_______ are the organizations major value creating skills, capabilities and resources that determine the organizations competitive weapons

A.
Strengths
B.
Opportunities
C.
Core competencies
Answer
D.
Weaknesses

Answer: Option C

Solution

Answer: Option C
Solution:
Core competencies are the organizations major value creating skills, capabilities and resources that determine the organizations competitive weapons. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed against the competition.