A Core Competency Can Be Defined in Four Different Ways

question 61

Multiple Choice

A core competency can be defined in four different ways.Three of those definitions are: (1) activities traditionally performed internally; (2) activities critical to business success; (3) activities creating current or potential competitive advantage.What is the fourth way that core competency can be defined?

• A)activities that will influence future growth
• B)activities that will increase profitability
• C)activities that will result in innovation
• D)activities that will reduce debt load

Comprehend the steps and goals of the RAP framework in developing leadership competencies.

Recognize how international experiences contribute to global leadership skills.

Identify company-related competencies necessary for leading global organizations.

Understand the impact of generational characteristics on global leadership development.

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Definitions:

Excess Capacity

A situation where a firm is operating below its maximum output capacity, indicating resources are not being used efficiently.

Monopolistic Competition

A market structure characterized by many sellers offering differentiated products, with some degree of market power.

Vacancy Rate

The percentage of all available units in a housing development or commercial property that are unoccupied or not rented at a given time.

Marginal Cost

Represents the cost incurred by producing one additional unit of a product or service.