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¶ … Competency
Creating Core Competencies in a Corporate Context
Yielding the best possible results from a large corporate entity requires a clear strategic orientation or a set of concurrent strategies through which employee actions might be governed. Often, however, the highly segmented nature of those corporations engaged in multiple sectors and industries can cause such strategic orientation to become garbled, distorted or obscured. It is thus that the article provided by Prahalad & Hamel (1990) offers a counterpoint to the regimented use of business units as a way of aligning a corporation. Instead, the article espouses the construction and magnification of core competencies as a way of creating dynamic and movable assets from individual employees. The discussion here evaluates the concept of core competency in the corporate context, advocating this...
According to Prahalad & Hamel, one of the errors that corporations commit today is to establish an over-reliance on established markets. Often, business units will be rigidly developed in order to serve the goals within established markets. The article raises the example of GTE, a dominant firm of the 1980s which invested its future prospects in telephone operations with a smaller focus on lighting and defense contracting. By connecting its long-term fortunes to an entrenched prioritization of select…
Works Cited:
Prahalad, C.K. & Hamel, G. (1990). The Core Competence of the Corporation. Harvard Business Review.
Competence of a Corporation Accurate comprehension of the article = blue Critical analysis of the strengths and weakness of the ideas, concepts or theories = yellow * Provision of specific comments in the form of criticism, disagreement, synthesis, paradox, curiosity or genuine confusion= green The premise of the article The core competence of the corporation (Prahalad, Hamel, 1990) is predicated on the assumption of greater communication and collaboration, coupled with accountability on the
EMC Corporation Analysis How would you describe the core competency of EMC Corp? What is the significance of understanding core competencies? Do core competencies provide competitive advantages or value to organizations? The core competency of EMC Corporation is the research and development, selling, implementing and supporting of their virtualization technologies incouding IT infrastructure systems and platforms. EMC's depth of expertise in virtualization and infrastructure technologies has made the company one of the
What Sony needs to do is concentrate on creating a mobile Web-enabled series of devices, supporting services, and segmented digital content in both music-based and video content. In short, Sony needs to create an economic ecosystem that rivals the Apple ecosystem as shown in Figure 2, Apple Digital Content Ecosystem: Figure 2: Apple Digital Content Ecosystem Source: (Apple Investor Relations, 2009) The most critical objective for the three-year planning horizon for Sony
Robert Mondavi Corporation (RMC) is a company whose strategy has expanded overtime. The company began operations by pursuing a strategy of being the first wine company in Napa Valley to make wines that rivaled those from the great winemaking centers in Europe. To meet this objective it implemented best practices in the production of premium wines by assembling industry experts developing a new technology to permit gentle handling of wine
The ethical demands of accounting extend beyond merely advancing the interests of the client. B. Personal views The issues of balancing the ethics of one's profession with the need to do one's job do not merely pertain to accounting, but touches upon all workers. For example: does a manager's duty merely lie in maximizing shareholder value, or does he or she have an ethical obligation to his or her employees to
Code of Ethics for the Beacon Corporation Company Introduction and Background The Beacon Corporation has been providing banking and financial services to its customers for more than fifty years. Beginning as a small bank and personal consulting firm in northern New Jersey in 1969, this company soon branched out to Wall Street and experienced extreme levels of growth, which ultimately spawned a nation-wide expansion in the early 1990's. With its sound investment