A Core Competence

question 76

Multiple Choice

A core competence

• A)is a more competitively valuable strength than a competence because of the key role the activities play in the company's strategy.
• B)typically has competitive value, the amount of which is reflected in the physical and tangible assets on a company's balance sheet.
• C)usually is grounded in the technological expertise of a particular department or work group.
• D)is more difficult for rivals to copy than a distinctive competence.
• E)refers to a company's lowest-cost and most efficiently executed value-chain activity.

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Definitions:

Symbolic

Relating to symbols or the use of symbols to represent ideas or qualities.

Recognition

The act of acknowledging or rewarding the achievements or efforts of individuals or groups, often used as a motivational tool.

Managers Share

The portion of responsibility or information that managers possess and often distribute among team members to achieve organizational goals.

Facilitator

A person who makes an action or process easy or easier, often in a group or meeting setting.