Hamal and Prahalad Maintain That Identifying Current Core Competencies Is

question 25

True/False

Hamal and Prahalad maintain that identifying current core competencies is the first step a company should take in deciding which business opportunities to pursue.

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Definitions:

Small Organizations

Businesses or groups characterized by a limited number of employees, resources, or scale of operations.

Essential Ingredient

A critical or necessary component required for a process or outcome to be successful or complete.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Intelligence

The ability to learn, understand, and apply knowledge and skills, and to adapt effectively to new situations.