ITPEC FE Morning April 2018 Question 69
ITPEC FE Morning April 2018 — Question 69 of 80
Core Competence — unique abilities competitors cannot imitate
Core competence refers to a company's predominant abilities that cannot be easily imitated by competitors, providing a sustained competitive advantage. The concept was introduced by C.K. Prahalad and Gary Hamel.
Why not others:
- a) Describes compliance — following laws, regulations, and social norms for corporate governance
- b) Describes business process optimization — general operational improvement techniques, not a unique competitive strength
- d) Describes business domain selection — choosing where to compete based on market, technology, and products
Key rule: Core competence = unique, hard-to-imitate capabilities that give a company its competitive edge.
AI-generated — may contain errors
The original exam layout is preserved in the image so diagrams, formulas, tables, and code remain accurate.
This question comes from an official ITPEC past paper. ITPEC Practice is an independent study tool and is not affiliated with ITPEC. See the official FE past-paper collection or Report an issue.