Final answer:
Yes, a firm's core competencies should indeed determine its core processes to leverage unique strengths and maintain a competitive advantage.
Step-by-step explanation:
The statement that a firm's core competencies should determine its core processes is true. Core competencies are what a company excels at and defines its competitive advantage.
These are the unique strengths that should steer the company's strategic planning, including determining its core processes - the critical operations that are essential to the business's success.
This focus allows the business to excel by leveraging its strengths and providing better value to customers, often leading to greater success compared to firms that diversify too broadly without the same level of expertise.
Yes, a firm's core competencies should indeed determine its core processes to leverage unique strengths and maintain a competitive advantage.
The statement that a firm's core competencies should determine its core processes is true. Core competencies are what a company excels at and defines its competitive advantage.
These are the unique strengths that should steer the company's strategic planning, including determining its core processes - the critical operations that are essential to the business's success.
This focus allows the business to excel by leveraging its strengths and providing better value to customers, often leading to greater success compared to firms that diversify too broadly without the same level of expertise.