ITPEC FE Subject A April 2024 Question 50
ITPEC FE Subject A April 2024 — Question 50 of 60
Core competence = the company's unique skills, technologies, and strengths that competitors cannot easily replicate, forming the basis of competitive advantage.
Why not others:
- (a) — describes Benchmarking: comparing performance against top competitors
- (b) — describes BPR (Business Process Reengineering): radical redesign of processes for dramatic improvement
- (d) — describes ERP (Enterprise Resource Planning): integrated management of company-wide resources
Key rule: Core competence = unique + hard to copy + competitive advantage. If the answer mentions "comparing with competitors" → Benchmarking. "Radical redesign" → BPR. "Resource allocation" → ERP.
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