what is meant by an organization's distinctive competencies? (course hero)

What is a distinctive competence? A distinctive competence is one of the characteristics that sets your business apart from the competition. Distinctive competencies can occur in a range of different areas, including marketing, personnel, customer relations, technology, manufacturing, and so on.

Full Answer

When is a core competency a distinctive competency?

It is noted that, a core competency can also be a distinctive competency only if a core competency facilitates competitive advantage. A core competency that is not facilitating a company’s competitive advantage will not be considered as a distinctive competency.

Which competency provides the basis for building the competitive advantage?

This competency provides the basis for building the competitive advantage. Distinctive competency is hard for the competitors to imitate. It is identified that distinctive competency is more effective then the core competency.

What is the difference between competitive advantage and distinctive competency?

On the other hand, distinctive competency is considered as the competitive value which firms perform better than its competitors (Bryson, Ackermann, Eden & Finn, 2004). This competency provides the basis for building the competitive advantage. Distinctive competency is hard for the competitors to imitate.

What are organization capabilities and competencies?

Simply put, organization capabilities are the collective skills, expertise, and alignment of the people in your company. Competencies tend to be at an individual level while capabilities span across an organization. Organization capabilities are critical yet intangible assets that cannot be duplicated.

What are the distinctive competencies of the organization?

Distinctive competence refers to a superior characteristic, strength, or quality that distinguishes a company from its competitors. This distinctive quality can be just about anything—innovation, a skill, design, technology, name recognition, marketing, workforce, customer satisfaction, or even being first to market.

What are distinctive competencies examples?

Examples of distinctive competence include rigorous security measures, economies of scale, and lean manufacturing processes.

What are a company's competencies core competencies and distinctive competencies?

Definitions: The term competency relates to anything that a firm does well. A core competency relates to anything that is central to the core of the business. A distinctive competency is a quality that differentiates a company from its competitors.

What is a distinctive competence quizlet?

A distinctive competence is a competitively important activity that a company performs better than its competitors.

Why is distinctive competency important?

Any area where the company has an edge becomes a distinctive competence. Through distinctive competencies, companies can provide premier value to their customers. Whatever the unique characteristic is, the competitors find it tough to mimic. This gives the company a competitive advantage over them.

What is an example of distinctive?

The definition of distinctive is a quality or characteristic that is unique to a person or thing. An example of something that would be described as distinctive is the colorful feathers of a peacock, which are unique to those birds.

How do you develop distinctive competencies?

Distinctive competencies give your organization an edge over others so it's worth developing certain characteristics that competitors will find difficult to implement. To develop a particular distinctive competence, companies must conduct a thorough external and internal review of their corporate environment.

How a distinctive competence in operations can be the basis for competition in the company?

Distinctive competence can be built in a number of ways. Firms can hire more qualified professionals than those employed by competitors; they can find and exploit previously neglected market niches; and they can be especially innovative or can gain advantage over competitors through sheer strength of management.

How do you identify the core competencies of an organization?

How to identify core competencies for your businessRevisit your company's mission statement. ... Brainstorm why your company is important to customers. ... Consider your current competencies. ... Compare each competency against the three criteria for core competencies. ... Write down the core competencies you come up with for your company.More items...

Which of the following is the best definition of a firm's distinctive competence?

​Which of the following best defines a distinctive competence? ​It is what a company can make, do, or perform better than its competitors.

Why do a company's core competencies matter in crafting strategy quizlet?

A core competence is a more competitively valuable strength than a competence because of the activity's key role in the company's strategy and the contribution it makes to the company's market success and profitability.

Which of the following involves an assessment that considers the resources capabilities and competencies of a business?

SWOT analysis is a simple but powerful tool for: sizing up a company's resources and capabilities, strengths and deficiencies, its market opportunities, and the external threats to its future well-being.

What is distinctive competence?

A distinctive competence is one of the characteristics that sets your business apart from the competition. Distinctive competencies can occur in a range of different areas, including marketing, personnel, customer relations, technology, manufacturing, and so on.

What is core competence?

Essentially, a core competence is anything that a business does extremely well and is generally considered to be critical to the business’s overall performance. For example, a marketing agency’s ability to generate data-led campaign ideas would be a core competency. By contrast, a distinctive competence is unique and provides a competitive ...

What is the difference between core competency and distinctive competency?

It has been analyzed that there is the difference between the core competency and distinctive competencies. Core competency is the competency of the business firms, which has been essential and central to its overall performance. Through the core competency, company can be able to meet the critical success factors of particular customer groups. On the other hand, distinctive competency is considered as the competitive value which firms perform better than its competitors (Bryson, Ackermann, Eden & Finn, 2004). This competency provides the basis for building the competitive advantage. Distinctive competency is hard for the competitors to imitate. It is identified that distinctive competency is more effective then the core competency. With the help of this, companies can also give tough competition to the rivalry firms in the competitive market environment. It has the characteristic to make the company different from the rest of the competition. Therefore, companies have to focus towards both types of competencies in order to make sound position in the market. References Bryson, J.M., Ackermann, F., Eden, C. & Finn, C.B. (2004) Visible Thinking: Unlocking Causal Mapping for Practical Business Results. USA: John Wiley & Sons. Ge online business assignment help or case study help of any topic from our team of assignment help Australia and US experts. Our assignment writing team will your do your assignment according to your university guidelines without any plagiarism.

What is core competency?

Core competency is the competency of the business firms, which has been essential and central to its overall performance. Through the core competency, company can be able to meet the critical success factors of particular customer groups.

Is distinctive competency more effective than core competency?

It is identified that distinctive competency is more effective then the core competency. With the help of this, companies can also give tough competition to the rivalry firms in the competitive market environment. It has the characteristic to make the company different from the rest of the competition. Therefore, companies have to focus towards ...

What is distinctive competencies?

This means that a core competency that facilitates to attain competitive advantages for a firm is considered as possessing distinctive competencies.

What is the difference between core competencies and distinctive competencies?

For example, take a firm that is really keen on reducing defects of the production process. Then, maintaining a relatively low rate of defects per hundred units of production can be a competence. Therefore, this is known as competency. A core competency relates to anything that is central to the core of the business. Continuing the above example, this reduction of defects per hundred units of production may be concerned as the primary source of business success. In this scenario, low defects of hundred unit of production become a core competence because this is one of the central themes of business success. Whereas, a distinctive competency relates to a competency that is really differentiating a business from other competitive business . It is noted that, a core competency can also be a distinctive competency only if a core competency facilitates competitive advantage. A core competency that is not facilitating a company’s competitive advantage will not be considered as a distinctive competency.

What is core competency?

As mentioned above, a core competency is a competency that is central to the core of the business. Mostly, companies at present develop core competency as means of developing a stable business. This stableness is achieved as a result of core competencies because it depicts the central theme and the core strength of the business.

How do companies gain competitive advantages?

In the real world, companies have gained competitive advantages by possessing distinctive competencies. A company like Rolls-Royce holds a unique manufacturing process of automobiles which no other automobile manufacturer possess.

Why is core competency important in manufacturing?

For a manufacturing company, development of core competency in the manufacturing process is important as the company depends on the effectiveness of the manufacturing process. In the literature, core competency was conceptualized by many scholars.

Why is it important to have competitive advantages?

Regardless of the industry, this competitiveness exists. Therefore, a company that rises above the other relative competitors is presumed to hold advantages.

Is core competency a distinctive competency?

It is noted that, a core competency can also be a distinctive competency only if a core competency facilitates competitive advantage. A core competency that is not facilitating a company’s competitive advantage will not be considered as a distinctive competency.

What is distinctive competencies?

The concept of distinctive competencies revolves around making a collective effort to achieve one goal, i.e., delivering the best output. People in an organization with diversified skills collaborate to manufacture or produce the desired end product. The business can then use this end product for its separate units and individual product lines.

Why is it important to identify core competencies?

Identifying core or distinctive competencies is critical for any organization. It allows them to identify the characteristics that set them apart from the competition. Also, it boosts their confidence and motivates them to keep up the innovative work.

What are the core competencies of Apple?

The core competencies of Apple include: Unique, innovative, and creative technology. Integration of software and devices.

Who first introduced the idea of core competencies?

The idea was first introduced by C.K. Prahalad and Gary Hamel in their article “The Core Competence of the Corporation,” published in Harvard Business Review in 1990. It clearly stated the significance of the core competencies in business in developing core products to be used in its other products. The writers used the analogy of a large tree as ...

Which brands have established themselves as the best in their respective field?

Brands like Apple, Amazon, Starbucks, Nike, etc., have established themselves as the best in their respective field by identifying their core capabilities and introducing innovative core or end products.