Which of the following is a characteristic of core competencies?
A.
Require significant investment
B.
Are common across an industrial segment
C.
Cannot be developed or changed
D.
Form the basis for activities that create and build value
The Answer Is:
D
This question includes an explanation.
Explanation:
Core competencies areunique capabilities that form the foundation for value-creating activitiesand competitive advantage. They differentiate the organization and enable strategic positioning. The IASP SPP curriculum emphasizes that core competencies are dynamic and can be developed or enhanced, unlike generic industry capabilities. Recognizing and leveraging core competencies is essential for sustainable strategy formulation.【IASP SPP Study Guide - Core Competencies】【Prahalad & Hamel, The Core Competence of the Corporation】
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