Prahalad, C. Because the organization is moving into unfamiliar territory, there are potential risks involved in this.
Identify core competencies that support that intent. NEC utilized its portfolio of core competencies to dominate the semiconductor, telecommunications and consumer electronics market.Prahalad and Gary Hamel. Core competencies are developed through the process of continuous improvements over the period of time rather than a single large change. As an auxiliary function of enterprise, financial outsourcing is beneficial to reduce the management cost and improve the efficiency of management. Do customer benefits revolve around it? Strategic management journal, 15 S2 , Therefore, while the SMEs choose financial outsourcing, they must have the analysis and evaluation system of outsourcing risk. Identify core competencies that support that intent. Towards a competence theory of the region. NEC was much smaller and had no experience as an operating telecommunications company. The first step requires identifying core competencies, which meet these three requirements: they provide potential access to a wide variety of markets, make a contribution to the customer benefits of the product, and are difficult for competitors to imitate. The leader of the economic reform is the micro, small and medium enterprises.
Forge strategic alliances. The Academy of Management Executive, 10 3 Organizing around core competencies requires a radical change in corporate organization.
Strategy as a field of study: Why search for a new paradigm?. It organized itself around strategic business units, which by nature under-invest in core competencies, imprison resources, and bind innovation.