4fb9d08492 Further reading. In an article from 1990 titled "The Core Competence of the Corporation", Prahalad and Hamel illustrate that core competencies lead to the development of core products which further can be used to build many products for end users. Prahalad, C.K., and Gary Hamel. Competing for the Future. Slywotzky, Adrian (1995). Burgelman, R. Core capabilities and core rigidities: A paradox in managing new product development. p.11931201. In a race to achieve cost cutting, quality and productivity, most executives do not spend their time developing a corporate view of the future because this exercise demands high intellectual energy and commitment.
Core Competence. Management must realize that stakeholders to core competences are an asset which can be utilized to integrate and build the competencies[vague] Competence building is an outcome of strategic architecture which must be enforced by top management in order to exploit its full capacity.. and Hamel, G. Resource recombinations in the firm: knowledge structures and the potential for Schumpeterian innovation. June 10, 2015. Harvard Business School Press, 1994. Core Competency Based Strategy.