2000•Journal of Hebei University of TechnologyRequires access

The Key of Strategic Management in Enterprises ──Developing the Competence

Yunfeng Wang

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Abstract

We set forth the connotation and the trait of the core competence of enterprises, elaborate elements which form the core competence, expound the strategic sense for the long-term development of the enterprises with the core competence. It is the key to foster and develop the core competence on the basis of holding exactly the trend of market in the future, knowing clearly the information of the competitive opponents, evaluating comprehensively the resources of enterprises if enterprises want to gain the long-term and motive competitive advantage. The enterprises could win victory in the intense competition by developing the core competence.

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What this paper is about

We set forth the connotation and the trait of the core competence of enterprises, elaborate elements which form the core competence, expound the strategic sense for the long-term development of the enterprises with the core competence. It is the key to foster and develop the core competence on the basis of holding exactly the trend of market in the future, knowing clearly the information of the competitive opponents, evaluating comprehensively the resources of enterprises if enterprises want to gain the long-term and motive competitive advantage. The enterprises could win victory in the intense competition by developing the core competence.

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Available abstract

We set forth the connotation and the trait of the core competence of enterprises, elaborate elements which form the core competence, expound the strategic sense for the long-term development of the enterprises with the core competence. It is the key to foster and develop the core competence on the basis of holding exactly the trend of market in the future, knowing clearly the information of the competitive opponents, evaluating comprehensively the resources of enterprises if enterprises want to gain the long-term and motive competitive advantage. The enterprises could win victory in the intense competition by developing the core competence.

Key concepts: Competence-based management, Core competency, Competence (human resources), Business, Competitive advantage, Strategic management, Knowledge management, Industrial organization

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