What are a company's core competences? Is there a framework to define them?
What are a company's core competences?
Übersicht der Antworten
Upvotes
Beste Antwort
Core competencies are things a company is really good at.
For example, for Coca Cola it would be things like
- Marketing
- Advertising
- Making and selling Beverages
- Setting up a cold chain
- Distribution of goods across all geographies
- Building a retail network
- Etc.
It would not be the following that are required for it to be a global competitor in the beverages space
- Software development
- Fiancial modeling
- Providing consulting services
- Selling electronics
- Etc.
Best,
Udayan
(editiert)
War diese Antwort hilfreich?
Hello!
I would make hte following approach:
In my mind, think of the 5 Ps of Porter
Having those elements in mind, mention them, as well as moats and walls.
Furthermore, always see the vission and mission, gives many clues.
Hope it helps!
Cheers,
Clara
War diese Antwort hilfreich?
Hi Richard,
Core competencies are anything that I do really well as a company. In particular, it would generally be things I'm especially known for, when being compared against my competition.
Defining them is totally industry/company/case specific! As you'll see in the below list, core competencies can literally be anything!
https://www.businessnewsdaily.com/15792-business-core-competencies.html
https://www.thebalancesmb.com/core-competency-in-business-2948314
https://www.shrm.org/ResourcesAndTools/tools-and-samples/hr-qa/Pages/corecompetencies.aspx
War diese Antwort hilfreich?
Basically what is a company really good at.
What has it been doing from Day 1? What is the cornerstone of its strategy? What is the one thing / function / ability it can't do without?
E.g. Uber/Doordash - best-in-class routing, dynamic pricing; Amazon - operational efficiencies in logistics; Google - search; Disney - franchises and merchandising across formats; McDonalds - process standardisation and consistency
War diese Antwort hilfreich?
Verwandte Cases
Expertencase von Francesco
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadv
...
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many stude
...
(Ganzen Case öffnen)
31,6 T.
mal gelöst
Schwierig
Schwierigkeitsgrad
Expertencase von Ian
[PLEASE NOTE: This is a technically difficult case and should only be completed by those coming in as a Technology specialist, i.e. recruiting for McKinsey Digital, BCG Platinion, etc.]Our client is a multinational oil and gas company. While they are vertically integrated and have upstream, midstrea
...
[PLEASE NOTE: This is a technically difficult case and should only be completed by those coming in as a Technology specialist, i.e. recruiting for McKinsey Digital, BCG Platinion, etc.]Our c
...
(Ganzen Case öffnen)
13,9 T.
mal gelöst
Schwierig
Schwierigkeitsgrad
Expertencase von Francesco
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client?
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client?
(Ganzen Case öffnen)
13,6 T.
mal gelöst
Fortgeschritten
Schwierigkeitsgrad
Expertencase von Ian
Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in profits and have brought us in to understand how to address this falling profitability.==========================
...
Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in pro
...
(Ganzen Case öffnen)
11,3 T.
mal gelöst
Fortgeschritten
Schwierigkeitsgrad
Expertencase von Ian
Our client is Yoda's Phones, a national telecommunications company. They have embarked on a three-year, multi-million dollar digitization program. Unfortunately, two years into the program, they realize they are significantly behind schedule and over budget.You have been brought in to right the ship
...
Our client is Yoda's Phones, a national telecommunications company. They have embarked on a three-year, multi-million dollar digitization program. Unfortunately, two years into the program,
...
(Ganzen Case öffnen)
9,8 T.
mal gelöst
Fortgeschritten
Schwierigkeitsgrad
Verwandte Unternehmen
Content Creator
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /12 years recruiting experience
187
Meetings
9.999
Q&A Upvotes
63
Awards
92 Bewertungen
