What is a core competence why is it essential to the, Operation Management

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What is a core competence why is it essential to the

1. What is a core competence? Why is it essential to the success of the firm?

2. Discuss the evolution of strategy (include in you answer which two strategies are not viable in the long run and how they are likely to evolve). How does cost become important in the long term and what market dynamic its primary driver?

3. What are output controls? Include at least 2 examples of output controls in your answer.

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Operation Management: What is a core competence why is it essential to the

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