Mgt 330 week 1 discussion 2 netflix 1 state what you believe is the distinctive competence and core competence of your selected company 2. Strategic management and core competencies and millions of other books are available for amazon kindle learn more enter your mobile number or email address below and we'll send you a link to download the free kindle app. We should not confuse a core competence with a core technology we should also differentiate between core competencies and core capabilities before moving forward.
Core competency refers to a specific set of skills and expertise that a company may have over its competitors in order for a core competency to exist, 3 criteria must be met those are market access, benefits consumers, unique and difficult to imitate. A more current definition of core competency would be key abilities or strengths that an company has developed that give it a competitive advantage over its peers and contribute to its long-term success. Select one of the companies below and conduct some basic research british petroleum (bp) facebook hyundai dunkin' donuts netflix state what you believe is the distinctive competence and core competence of your selected company. Company's focus on the important activities and add to the value of these distinctive competencies while the core competencies vary by industry and by company, following is a selected.
A core competence is the result of a specific unique set of skills or production techniques that deliver value to the customer such competences give an organization access to a wide variety of markets. Netflix distinctive competence and core competence of your selected company core competence analysis building sustainable competitive advantage what makes you stand out from the crowd. Amazon's mission is to be the earth's most customer centric company anyone who works here will tell you that's amazon's core competency this means we do serve.
In summary an organization's core competency provide it its competitive advantage what these core competencies are, need to be systematically identified and evaluated to ensure that adequate. Distinctive competencies lead to competitive advantage - distinctive competencies may lead to determining the most effective and efficient business development strategies for instance, after kodak understood that its core competence is imagining, their company gained an edge over the competition. If so, please put your thoughts in the comments section in this way you will be helping others think about core competence at a deeper level than just remembering a list of ideas category.
Core competencies lead to core products that are integrated into other products for customers benefits a company can use its core competencies to build on existing markets and create new market opportunities. A a distinctive competence refers to a company's best-executed functional strategy and a core competence refers to a company's best-executed business strategy b a distinctive competence refers to a company's most strategically important resource whereas a core competence refers to the basis of a company's competitive advantage over rivals. Starbucks' core competencies include that it is well known for its expertise in coffee roasting and hand-built beverages the company picks high-quality coffee beans which are ethically sourced, then verified and certified by a third party so that they meet customer expectations another competency.
Select one of the companies below and conduct some basic research state what you believe is the distinctive competence and core competence of your selected company give an example of how the values and mission statement help to shape planning. Transcript of netflix case presentation distinctive core competence select studios and networks according to our findings, and contact them. Netflix, inc 1 company images montage 1 introduction 2 core competencies and distinctive competencies 14 value chain analysis 17.