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.

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Definitions:

Managing by Objectives

A management strategy where goals are defined for every department, manager, and employee. Progress towards these objectives is reviewed, and rewards are given based on goal completion.

Transformational Leadership

A leadership style that inspires positive changes in those who follow, often by creating a vision, fostering change and innovation.

Experience of Flow

A state of complete immersion and involvement in an activity, characterized by a loss of self-consciousness, a sense of timelessness, and optimal performance.

Task-Leadership Style

A leadership approach focused on the efficient completion of tasks and the achievement of objectives, often involving clear directions and roles.