The Five Forces Model is very important to businesses. As we all know, they help to evaluate core competencies and what a business can do to keep up with changing times. What would a business do to lengthen the shelf-life of core competencies? Is this possible?
Expert Answer
Below is what businesses would do to lengthen the shelf-life of core competencies –
1. By innovating the processes on continuous and incremental basis to ensure the competencies create innovative products and services.
2. By using technology as an enabler to the core competencies to increase the efficiency of the processes and productivity
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