A set of skills, talents, and capabilities in which a firm is particularly strong is referred to as core competencies. The correct answer is D.
EXPLANATION
A core competency is an idea proposed in management theory. This concept can be described as "a harmonious combination of various resources and skills that makes management different from other companies.” The following three core competencies must be applied:
1. Having a unique product that is difficult for competitors to imitate.
2. Its products are able to provide significant contributions or benefits to customer problems.
3. Provides a lot of potential access to various markets.
Core competence is produced from a set of skills or specific production techniques that provide added value to customers. This allows an organization to access various markets.
In 1990 C. K. Prahalad and Gary Hamel wrote an article titled "Core Corporate Competencies.” In that article, they described that core competencies lead to the development of core products which can then be used to create many other products that benefit consumers. Core competencies are explored and grown through a long process, which makes a continuous improvement over a certain time instead of making instant big changes.
LEARN MORE
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
• An economic theory that stresses government management of the production and distribution of goods is brainly.com/question/978475
KEYWORD: core competency, resources, skills
Subject: Social Studies
Class: 10 – 12
Subchapter: Management Theory
