DEFINING THE CONCEPT OF “CORE COMPETENCIES” IN RELATION TO STRATEGIC MANAGEMENT AND INNOVATION MANAGEMENT
DEFINING THE CONCEPT OF “CORE COMPETENCIES” IN RELATION TO STRATEGIC MANAGEMENT AND INNOVATION MANAGEMENT
Author(s): Georgiana-Gabriela IacobuțăSubject(s): Business Economy / Management, Human Resources in Economy, ICT Information and Communications Technologies
Published by: EDITURA INDEPENDENŢA ECONOMICĂ
Keywords: core competencies; strategic management; innovation management; economic innovation;
Summary/Abstract: Core competencies do not have an agreed-upon definition in the literature, even though the popularity of this concept has been rising in the last decades. Traditionally, the concept of core competencies has been discusses in relation to management, in general, and more specifically, in relation to strategic management. In this paper, we analyse the place and value of core competencies in relation to strategic management, while, at the same time, argue that this concept can be enriched when placed in the context of innovation management. In this manner, the concept of core competencies can move away from being defined as an ideally fixed, and rigid part of a business, and can move towards a conceptualization that integrates its dynamic component. We also discuss the case of innovation as a core competency.
Journal: REVISTA ECONOMIA CONTEMPORANĂ
- Issue Year: 5/2020
- Issue No: 4
- Page Range: 91-95
- Page Count: 5
- Language: English
