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An Analysis of C.K. Prahalad and Gary Hamel's The Core Competence of the Corporation (Hardcover)
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An Analysis of C.K. Prahalad and Gary Hamel's The Core Competence of the Corporation (Hardcover)
Series: The Macat Library
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C.K. Prahalad and Gary Hamel's 1990 The Core Competence of the
Corporation helped redefine traditional ideas of management
strategy. It did so by focusing companies on one of the key
critical thinking skills: evaluation. In critical thinking,
evaluation is all about judging the strengths and weaknesses of
arguments - assessing their reasoning and the relevance or
adequateness of the evidence they use. For Prahalad and Hamel,
companies could gain a competitive edge by evaluating themselves:
their own strengths and weaknesses. By sensitively evaluating core
competencies - the collective knowledge inside the organization
that distinguishes it from other corporations - they could target
efforts and resources with strategic focus. For Prahalad and Hamel,
managers need to be able to identify and evaluate their company's
unique skill sets, and the technologies that distinguish them from
others businesses. How well they then coordinate these elements
defines a company's competitive strength and how quickly it can
adapt to new challenges. As Prahalad and Hamel showed in their case
studies, the critical thinking skill of evaluation - knowing what
you do best, how well you do it, and how you might improve - is
absolutely central to staying ahead of the crowd.
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