Question

A core competence

a. is an activity that a firm performs proficiently that is also central to its strategy and competitive success.
b. is typically results-based, residing in a company's tangible physical assets on the balance sheet.
c. detracts from a company's arsenal of competitive capabilities and competitive assets and is not a resource strength considered to be genuine.
d. is a proficiently performed external activity. is often grounded in a single department's set of knowledge and expertise.

Answer 1

The correct answer is letter "A": is an activity that a firm performs proficiently that is also central to its strategy and competitive success.

Step-by-step explanation:

Core competencies represent all those strengths a company counts on to handle its operations efficiently and what makes it different from competitors. In other words, a firm's core competency is its competitive advantage, meaning it could be related to the institution producing at lower total opportunity costs or providing a good or service with unique features or difficult to imitate.

Answer 2

Answer: A. is an activity that a firm performs proficiently that is also central to its strategy and competitive success.

Explanation: Core Competence can be defined as a definitive ability that differentiates an organisation from its competitors. It is also known as the defining strength a company has over other companies in the same industry. It can not be copied as it is unique to an organisation.

Core competence can be in the form of creative thinking, computer competency, client service or decision making.