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Competitive Advantages

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Title: Competitive Advantages
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Subject: Business
Date: March 8, 2003
Length: 6 / 1457
No of views: 0
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Capability refers to the firmís ability to utilize its resources effectively. However, Core Competencies are not seen as being fixed and should change in response to changes in the company's environment. As a business evolves and adapts to new circumstances and opportunities, so its Core Competencies will have to adapt and change...
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As a business evolves and adapts to new circumstances and opportunities, so its Core Competencies will have to adapt and change. In order to achieve a competitive advantage, a company needs to pursue strategies that build on its existing resources and capabilities and formulate strategies that build additional resources and capabilities (develop new competencies)...
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