Question

Prahalad and Hamel introduced into management literature the idea of core competencies in 1985.

A) True
B) False

Answer 1

Prahalad and Hamel introduced the concept of core competencies in 1990, not 1985. They argued that businesses should focus on these fundamental strengths for success. Therefore, the statement is false.

Step-by-step explanation:

The statement that Prahalad and Hamel introduced the idea of core competencies into management literature in 1985 is false. C.K. Prahalad and Gary Hamel popularized the concept of core competencies in a 1990 Harvard Business Review article.

They described core competencies as the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. A business focusing on these competencies can often outperform competitors who diversify beyond their own core competencies.