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The operational context: competencies, resources and competitive advantage…
The operational context: competencies, resources and competitive advantage
Resources, competencies, core competencies and competitive advantage
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Competencies
An attribute or collection of attributes possessed by all or most of the organizations in a sector of industry
develop from resources and embody skills, technology or ‘know-how
Core competencies
arise from the way in which the organization has employed its competencies and resources more effectively than its competitors
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Resource analysis
Tangible
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stocks, materials, machinery, buildings, human resources and finance
Intangible
skills, knowledge, brand names, goodwill and patent rights.
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Competencies
attributes like skills, knowledge, technology and relationships that are common among the competitors in an industry
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more often developed internally, but may also be acquired externally or by collaboration with suppliers, distributors or customers.
Core competencies
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often based on distinctive relationships with customers, distributors and suppliers
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