New Dimensions Added for Enhanced Core Competence Application
Abstract: We update the original core competence notions of
identification and development to fit high efficient innovation processes
in dynamic environments, with aim to progress the concept's applicability
for scholars and practitioners.
To the core competence concept we add
four dimensions previously missing: time (shared history and shared future
aims), managerial hierarchy levels (corporate and SBU), innovation
development modes and outcome types (radical/incremental and
exploitation/exploration), and finally innovation team characteristics and
support structure (homogenous/heterogeneous and formal/informal structure).
We propose that existing core competencies are ideally explored by
homogenous teams managed at the SBU-level, in structured context, which
infers competitive imitation protection. The process starts with
identification then progressed by a change in structure: going from formal
to informal, which will increase core competence and company
Keywords: Core competence; time; managerial hierarchy levels; innovation; ambidexterity; support structure.; (follow links to similar papers)
JEL-Codes: M10; (follow links to similar papers)
15 pages, March 8, 2012
This paper is part of the research project No. 2011/0020 founded by the Swedish Knowledge Foundation.
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