Hamel and Prahalad's Concept of Core Competence Essay

Hamel and Prahalad's Concept of Core Competence - Essay Example Formerly, the diversification of the corporation would simply direct its business units towards particular end product markets and order them to become leading outlets of the business, but with the ever changing market boundaries, the targets proved to be to elusive with their sustained ‘capture’ limited. Only a few companies have been able to adapt to the ever changing dynamics and thus have been able to capture the existing markets through their inventing of new markets, their quick entry into new emerging markets and, more dramatically, in their shift in patterns on the selection of customers in the already established markets. Therefore, the critical task that various corporate management face, is the creation of an organization that is capable of infusing their different products and services with efficient and effective functional ability or improving their profiles with the creation of product and services that their customers need but have not yet envisioned (Gra nt, 2005, 182). Such a task is difficult since it ultimately requires the radical restructuring the management of these companies. This in essence means that the top management of various corporations or companies must accept and assume their role and responsibility in the decline of their companies’ competitiveness. The theory and practice of the ‘Western’ type of management is blamed on the creation of a ‘dragging effect’ on the forward movement of companies. It is thus imperative that the principles of management be changed /reformed (Grant, 2005, 182). Core competency can be described as ‘a specific factor that, through the business’ point of view, is centrally responsible for the way the business and by extension its employees perform their duties. Through its utilization, it can fulfill the following aspects: - it cannot be imitated easily by business competitors, it can be used to put leverage on a wide range of products and marke ts and its core importance is that it must contribute to the benefits experienced by the consumers. Therefore, it can take a myriad of forms including customer services, technical/subject matter knowledge and effective and efficient management of the business. It may include product enhancement, good marketing skills, efficient Human Resource Management among others (Nitschke, 2011, 23). They enable better coordination of the diverse production skills through the integration of different technologies, good communication, good interpersonal skills and an involved and deeply committed work attitude. Consequently, a core competence is achieved through the application of a specific and unique set of skills and or production techniques that will, in the end, deliver the expected value to the customer. This in turn, enables the discovery and exploitation of newer varieties of markets. As illustrated by Professor Prahalad and Hamel, core competencies usually lead to the creation or the cor e products of a business and in themselves can add many more products for their end users. These core competencies are enhanced through continued improvements by the companies over a period of time. This build up of the core competencies

Comparing and Contrasting Culture and Education in Saudi Arabia and Essay

Comparing and Contrasting Culture and Education in Saudi Arabia and The USA - Essay Example or Mr. as titles. University students however can just call their professors by their first names and mostly, they are encouraged by their professors to do so, which in Saudi would be unpleasant to the ears and may be deemed a sign of disrespect so that adaptation has been difficult for me in this area. In addition, I also observed the form of instruction in the schools. American schools are interactive, with the teachers encouraging the students to participate in discussions, arguing about the subject matter and voicing out their minds with the teacher ready to aid them in channeling their thought to the right decisions, which is greatly different in my country where most of the talking comes from the teacher. The students are expected to sit down and listen in return, never challenging, negotiating or discussing the topic whether an individual agrees or disagrees, a student’s duty is to keep his mouth shut. Christianity is the widely embraced religion in America and the gove rnment founded its constitution in Christian beliefs. Saudi on the other hand established her laws from Islamic ideologies. Although both religions claim an identical story of creation and trace their ancestry to the same patriarchs, the differentiation would be as the names suggest, between the prophets Muhammad and Christ as well as their teachings. Speaking of government, the form used in Saudi is monarchy with council of ministers and consultative council helping the king in his government affairs. The king’s authority is limited because of the context of his role indicated in the Shari’a and other traditions (U.S. Department of State). America on the other hand,... This paper approves that media could be found to be a common phenomenon, affecting the countries’ success and legislation through the distribution of highly competent publications not only in the native tongues of both countries but in other languages as well. Legal issues and individual concepts are placed into the assessment of different sectors as the media make available the information released through broadcast or paper. And this is not just for people to express their interpretations of events but in response to the shared belief of a better environment we all could make. America has a greater number of immigrants from a wider scale of immigrants than that of Saudi. thais paper makes a conclusion that Nations could be entirely different but the fact cannot be denied that somehow, we are somewhat related to each other in unique ways. Looking at the data discussed in this paper, one could easily come up with an analysis of the approach a nation could employ in the making of its policies to meet the specific needs of different nations as each are different. A characteristic may be stronger in one nation than the other but this does not mean that the virtue is solely for that particular nation. In conclusion, as each have varied resources, nations should get involved in the exchange of benefits to build a global relationship that allows every nation to survive in this chaotic world.