Question: You could develop competencies in awareness, accessibility, product redesign, product invention, automation, plant utilization, human resources, cash flow management, and forecasting. All of these competencies

You could develop competencies in awareness, accessibility, product redesign, product invention, automation, plant utilization, human resources, cash flow management, and forecasting. All of these competencies take several years to develop.
You would use these competencies to develop competitive advantages. For example, competencies in automation and human resources could lead to a competitive advantage in cost leadership. Competencies in awareness, accessibility, and design could lead to a competitive advantage built upon differentiation.
With this as background, present an argument
1. What are the top three competencies you believe necessary to execute your vision and strategy?
2. What decisions do you need to make to develop these competencies?
3. How will you produce competitive advantage?

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1 Michael Porter a graduate from Harvard University created a book in 1985 which identified three strategies that can be used to tackle competition This booked was named this ninth most influential ma... View full answer

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