Strategic Management: These discussions should focus more on your reactions to t
ID: 349008 • Letter: S
Question
Strategic Management:
These discussions should focus more on your reactions to the text based on real-world experience.
Initial Post Instructions
For the initial post, address the following: What are core competencies? Share one or more of your firm's core competencies. What competitive advantage is rooted in that core competency? Be sure to use some real world examples! Reflect on how the course material plays out in your organization or organizations with which you are familiar. In as much as this is a fairly large online class, try to be concise and parsimonious in your responses. Remember also to reference the book and at least one additional scholarly resource in your initial posts to be eligible for maximum points.
Using APA format, 400 WORD MINIMUM Please post MUST BE ORIGINIAL WORDS ONLY, no copy and paste!
Explanation / Answer
What are core competencies?
It is the capabilities of any firm that gives competitive advantage when the customer satifaction level or the value which a customer gets is more than the competition delivers.Core competence ensures sustainability to firm by having an edge over its competitor.Moreover competence brings innovation, quality, flexibility and better customer service to an organisation,
Share one or more of your firm's core competencies.
Core competence of Vodafone Group Plc
Flexibility / Managing Changes
The Vodafone Group Plc is very flexible when it comes to market policies. Whenever it feels the need to change certain policy as per demand , it goes for . The telecommuication business has seen a lot of changes in last 5 years, and Vodafone has managed to deal with this changing environment be it social, political , economical or technological.
Customer Oriented
The Vodafone Group Plc is customer oriented , they say customer is of PARAMOUNT importance. Due to this , the quality standards of its products & services and high , creating more value to the customers compared to its competition.
Initiatives
Vodafone group plc promotes the initivate ideas given by its employees for the customer satisfaction.This gives competitive edge over its competition.
What competitive advantage is rooted in that core competency?
Many organisations resist to change be it in management, policies or its technology . But Vodafone believes that to be in market and compete , flexibility is necessary. The customer oriented firms always concentrate of creating more value to the customer which results in gaining the loyal customers. This gives competitive advantage over other firm.