![]() ![]() According to Hamel and Prahalad the strategic objectives should not focus on fighting off the competition, but on creating a new competitive space. The Core Competence Model focuses on a combination of specific, collaborative, integrated and applied knowledge, skills and attitude. This will enable the organization to respond quickly and flexibly to a dynamic environment, based on using core competence.ĭo you want unlimited and ad-free access? Find out more The Core Competence Model There are more advantages to be obtained when core competence are applied to all organization-wide technologies and production skills. Fighting off the competitionīy using its core competence an organization is capable of developing unexpected and surprising products provided that the production costs are low and that developments can be realized faster than those of the competition. ![]() Unlike Michael Porter’s “outside-in-view” this theory focuses on the “inside-out-view”. The reason to define core competences is the (specialized) available knowledge that is difficult to imitate by other organizations. Prahalad, organizations can move into new markets and market growth possibilities more easily by using their core competences. According to the Core Competence Model or Hamel and Prahalad Model, which was developed by Gary Hamel and C. It is important for organizations to focus on their competences and draw their strengths from this when they want to get ahead of their competition. ![]() After reading you will understand the basics of this powerful strategic management and competitive advantage tool. Core Competence Model: this article explains the Core Competence Model, developed by Gary Hamel and C. ![]()
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