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:

Negative Externalities

Costs suffered by a third party as a result of an economic transaction they were not involved in, such as pollution.

Unethical And Illegal Behavior

Actions that are morally wrong and prohibited by law, ranging from fraud and corruption to violations of human rights.

Paradox Of Voting

The situation where the individual incentive to vote (given the small chance of influencing the outcome) contrasts with the collective benefit of everyone voting.

Rent-Seeking Behavior

Rent-seeking behavior occurs when individuals or firms seek to increase their own wealth without contributing to productivity, often through political manipulation or monopolistic practices.