Question: Core competency is a specific factor or capability that supports a firms business model and sets it apart from its rivals. Walk around your neighborhood.

Core competency is a specific factor or capability that supports a firm’s business model and sets it apart from its rivals.

Walk around your neighborhood. Choose three different restaurants located in your neighborhood and visit them. Prepare a list of core competencies that each of the restaurant may have that makes them different from their competitors.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Entrepreneurship Questions!

Multiple Choice 31. A(n) ________ is a group of firms producing a similar product or service. A firm's ________ is the limited portion of the industry that it goes after or to which it wants to...

In the Barringer / Ireland Business Model Template, a is a specific factor or capability that supports a firm's business model and sets it apart from its rivals. Select one: a . staple proficiency b...

Question - 4 6 . 5 pts A ( n ) q , is a specific factor or capability that supports a firm's business model and sets it apart from its rivals. ( c 4 ) competitive advantage resource core competency...

(Developing an Effective Business Model) in the book of(Entrepreneurship: Successfully Launching New Ventures, 6e ) then answer the two questions: 1- What is the purpose of business model? 2- Briefly...

Explain the questions well. 1). The market demand function for a good is given by Q = D(p) = 800 50p. For each firm that produces the good the total cost function is TC(Q) = 4Q+( Q2/2) . Recall that...

i. Explain all the questions well. 1). The market demand function for a good is given by Q = D(p) = 800 50p. For each firm that produces the good the total cost function is TC(Q) = 4Q+( Q2/2) ....

Exercise one. 1. Let the market demand curve be P=1000 - 10Q. Assume the market is controlled by a monopolist. Let fixed cost be $10,000 and Marginal Costs (MC)=20Q. a) What is the profit maximizing...

Section A. 5. One key difference between traditional economics and behavioral economics is a) b) c) d) A. Traditional economics does not argue that markets are efficient while behavioral economics...

Adidas AG (Adidas ) is engaged in the design, development, manufacture and marketing of a broad range of athletic and sports lifestyle products such as footwear, apparel, hardware (bags and balls)...

Strategic Management Frank Rothaermel,6eRelease: 6th Edition Please include a word count of your post (excluding citations and references), no matter whether it is an initial post or a reply, at the...

Continuing from the Strategy, Planning, and Selection assignment, you were selected as the new HR director for the retail company and now have been in the position for approximately six months. Your...

The following items are taken from the 2008 balance sheet of Yahoo! Inc. (All dollars are in thousands.) Intangible assets ............... $3,926,749 Common stock ................. 6,282,504 Property...

What is the certification benefit? a . When a PEI invests in company, the market knows that the PEI has got a stake in the Venture - backed company. b . When a PEI invests in a company the latter is...

A friend taking calculus is puzzled. She remembers that for a function of one variable, if the first derivative is zero at a point and the second derivative is positive, then there must be a relative...

Imagine you just received an e-mail message from a friend. The message reads, Want to tell you that I just finished writing my business plan. Im very proud of what Ive written. The plan is...

The entrepreneurship class you are taking meets for four hours once per week. A break of 10 minutes or so takes place after the first two hours of each class. During a recent break, you overheard one...

Using any mnist data set, run LDA on the dataset. Remember LDA is a supervised model so partition the dataset to 8 0 % in the training set and 2 0 % in the testing set. Then plot the data with a...

example of fsa with no empty transitions

template class DoublyLinkedList { // The forward declarations of these classes allows us to establish // that they exist, but delay displaying all of the details until // later in the file. // //...