Outsourcing
Q.1. Discuss the following terms
(A) Core Competencies
Core competencies can be defined as an integrated knowledge sets within an organization that distinguishes itself from its competitors and deliver value to customers.
For example, companies such as Domino's Pizza, Sony and Starbucks have developed skills such as communication, technical knowledge and customer services that its competitors do not have to their standards. These skills helped them to gain competitive advantage over its competitors and leverage that advantage by learning and implementing faster than others in respective industries.
(B) Pro-active Change
Pro-active change is defined as a change initiated by managers to take advantage of targeted opportunities, particularly in fast changing industries where followers are not successful. For example, companies like Microsoft, Intel and Home Depot; who are dominant leaders in their industries, pro-active change in Innovative Technology, great support network......
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Approximate Word Count: 3495
Approximate Pages: 14 (250 words per double-spaced page)
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