Which Quadrant in the Core Competence-Market Matrix Is the Hardest

question 86

Essay

Which quadrant in the core competence-market matrix is the hardest to pursue? Give reasons supporting your answer.
C. K. Prahalad call the combination of new core competencies with new market opportunities as "mega opportunities"-those that hold significant future-growth opportunities. At the same time, it is likely the most challenging diversification strategy because it requires building new core competencies to create and compete in future markets.

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Definitions:

Market Equilibrium Price

This is the price at which the quantity of a good supplied equals the quantity demanded, balancing out the market forces of supply and demand.

Super Bowl

An annual championship game of the National Football League (NFL) in the United States, celebrated as a major cultural event with significant viewer engagement and elaborate halftime shows.

Scalping

A trading strategy that aims to profit from small price changes, frequently entering and exiting trades.

Nonprice Rationing

A method of distributing goods or services when prices are not used as the distributing mechanism, typically seen in situations of shortages or price controls.