Core Competencies Are Resources and Capabilities That Serve as a Source

question 77

Short Answer

Core competencies are resources and capabilities that serve as a source of a firm's __________ over rivals.

Understand the role of cognitive styles (e.g., sensation thinkers, intuitive feelers) in problem-solving and decision-making.

Grasp the concept of multidimensional thinking and its significance in handling complex managerial challenges.

Appreciate the need for flexibility and adaptability in problem-solving and decision-making processes.

Comprehend the implications of problem-solving approaches on managerial effectiveness and organizational performance.

---

Definitions:

Cost Concept

An accounting principle that states assets and services should be recorded and based on their original cost at the time of acquisition.

Unit of Measure Concept

An accounting principle that states transactions should be recorded in a single, consistent currency unit for accuracy and comparability.

Objectivity Concept

A concept of accounting that requires accounting records and the data reported in financial statements to be based on objective evidence.

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education within the United States.