Innovation and Technology

Capabilities of a firm are created through tangible and intangible resources and allow them to perform everyday tasks. These capabilities become core competencies when they develop into a

The practice of a strong management system is a prerequisite for achieving customer value. A dynamic management system is needed so that the value strategy can be effectively implied.

Core competence is one of the important concepts that were introduced for the understanding of product

are one among worlds speedy growing and revolutionary internet 2.0 firms who provides huge style of commercial and free products to the tip-customers. The report analyses Google Inc. Procedure through making use of the inspiration of Core capabilities which was presented with the aid of Hamel and Prahalad in 1994. Core knowledge are technical or managerial system that integrates numerous applied sciences, procedures, assets and understanding to create exact offerings to the consumers and good points a specified competitive talent to the organization. Core products are developed with core competencies and vast form of aggressive finish-products may also be developed by means of making use of the core products and it creates completive advantages to the corporation briefly and long term basis. Google Inc. has core abilities in program engineering in content material indexing and retaining scalable hardware infrastructure. The organization's tradition of innovation additionally will also be highlighted as a core competence. Google owns few core merchandise and they are indexing technological know-how, Google ads and Google Mapping platform and established on the core products the enterprise has developed large form of end-products. The core competence has provided the company a facility to enter to large form of markets and the core capabilities have created competitive knowledge to Google Inc. briefly and long phrases. Google's core potential

Prahalad and Hamel (1990) ascertained that three tests could be used to determine a core competence. Foremost, a core competence should provide a promising access to a variety of markets. Second, a core competence would make a substantial contribution to the end product in view of customers. Lastly, a core competence should be unique, hard to imitate. In fulfilling the three tests, a resource would be a core competence of a firm. Moreover, to be a sustainable competitive advantage (SCA), Barney (1991) stated that a corporation’s resources should consist of four characteristics: (i) valuable, in adding value-creating strategy to the product, not in the monetary sense, (ii) rare, in view of the business’ current market position, (iii) imperfectly imitable and (iv) non-substitutable. Furthermore, a firm’s

Humanity had a massive progress due to technology and all the advances it has applied in the present days, it has helped in so many ways and in many professional areas. Many say it has made the world better and the lives of everyone easier. For medical reasons and as well as construction and science research thanks to all of this we have to skip many years of issues and conflicts of trying to figure out any question or doubt a scientist or doctor might have. Engineers finish their projects of construction much faster thanks to applications online, which gives them the view a drawing design cannot. Technological advances until the present day have been revolutionary is in the hands of the present and future generations to manage and learn how to use it correctly and to make a positive change and keep advancing with new inventions and discoveries. Creating and innovating is great the problem in hand is that so much technology is starting to hurt humanity and our environment because we are not disposing it or reusing it correctly and all the e-waste is being accumulated causing a health issue for the world which is the big question. What can be done to help the earth and its habitants of E-Waste?

Technology has impacted the world to the point of no return. The world is a social media cyclone meaning it’s a hurricane taking over, and it’s no denying in any way. Even if you tried to ignore what is happening in technology, it would nonetheless have introduced itself to you and a friend or a family member no matter what your circumstances are. You could hold a Priests position or practice some type of religion which don’t allow the use for today’s technology at all.

Usually includes basic knowledge, experience or ability in a particular area or a specific skill, allows a business to reach large segments of the markets, which cannot be reached by other competitors. The core capabilities are a pivotal factor to determine the manner in which they operate companies or employees determined core capabilities in three key criteria: Cannot competitors imitate core competencies of the company easily, can be reused company's core competencies are widely used in many products and markets. (Espinoza, et al, 2010)

If only to understand the macro environment and industry environment is not enough to plan successful strategies. The firm must analyze its internal organization to determine what it can do (Hitt, Ireland and Hoskisson, 2013). Resources, capabilities, and core competencies are the fundamental factors creating competitive advantage to take up the market share. Through processing organization’s resources, the firm shapes organizational capabilities. In turn, basing on capabilities, firm’s core competencies are set, which help the company establish competitive advantages rivaling other companies (Ndofor, Sirmon and He, 2011).

Hamel and Prahalad (1990) defined core competency as an outcome of capable to attune the technologies, skills and work activity with knowledge based. Core competencies are organisation’s key abilities that make it different from others, do better than its rivals and not easily imitated by rivals. According to the research by Agha, Alrubaiee and Jamhour (2012), the study showed that core competency is important for an organisation and it has positive influence on competitive advantage and firm performance. Core competency is such a key element in reinforcing the competitive advantage (Bani-Hani and AlHawary, 2009). Therefore, it can improve competitive advantage and firm performance. Hamel and Prahalad (1990) indicated that core competencies developed by knowledge based of skills or experiences rather than resources or financial capital. Thus, it also can be said that it is developed by mindset of managers and well in utilizing skills and technologies that able to provide a particular benefit to customers by the end products and it also named as core products (Faiz, 2014). Unfortunately, if organisation has no possessed greater technical capabilities such as western company like Eastern companies, they cannot build better core competencies as well (Hamel and Prahalad,

A unique ability that a company acquires from its organizers or developers and that will be not be easily or imitated. In other words Core competencies are the skills and processes for that are used to develop a company's core products and services, those products and services that will gives the business a competitive advantage over and over to other businesses and are significant for the long-term growth of the company. Core competencies are what give a company one or more competitive advantages, in creating and delivering value to its customers in its chosen field. Also called core capabilities or distinctive competencies. Core competencies are usually not only limited for a single process, but it for a combination of processes, technologies and skills. Core competency arises from the integration of different shares of the business, such as design with technological innovation. For example, Apple's sleek design, coupled with innovative products and Sony's ability to reduce electronics are core competencies for those companies. A core competency should assist the company in gaining access to a wide variety of markets; donate to the benefits of the end-product; and be difficult to duplicate.

Core competencies are strategic advantages and characteristics of a business, that includes a bundle of resources and technical capabilities which enable a business to be competitive in the market (Prahalad and Hamel, 1990). Based on the literature, the competencies should have the elements of providing potential access to wide markets, massive contribution to the perceived customer benefits of the product and harder to imitate.

 A competence is an internal activity an organization performs with proficiency.  A core competence is a proficiently performed internal activity that is central to a company’s strategy and competitiveness. A core competence is a more valuable resource strength than a competence because of the well-performed activity’s core role in the company’s strategy and the contributions it makes to the company’s success in the marketplace.  A distinctive competence is a competitively important activity that a company performs better than its rivals. Core Concept

Core competencies are strengths that are expressed in value chain terms. For example, to describe a firm’s strength in the area of distribution centers, write something to the effect of “The firm has a core competency in inbound and outbound logistics, because the distribution centers handle incoming supplies and components as well as outgoing finished products. Competitors are unable to match the firms’ operational efficiency and handle both inbound and outbound

Core competency is the ability of an organization to perform excellently at a particular activity which can be technical innovation, developing excellent managers, marketing new innovative products or providing excellent customer services. A company may hire a team of brilliant scientists in a particular technology, but this does not imply an automatic gain of core competence in that technology. This can only happen through the combined integrated efforts of employees with their individual skills and experience gained along with the resources of the organization including the way information, technology and relationships are used for the advancement of the organisation. It is the effective coordination among all the groups involved in bringing the product to market that results in a core competence.