How are organizational strategies related to core competencies?
A) Competencies are the tactics managers use to take advantage of strategies
B) Competencies and strategies are an integral part of organizational vision
C) Strategies help managers exploit competencies
D) Strategies and competencies are actually two ways of expressing the same idea

Question

Quizplus · Accepted Answer

Organizational strategies provide direction and focus for the organization's resources and efforts, which in turn help the organization exploit its core competencies. Core competencies refer to the unique capabilities or resources that enable an organization to achieve a competitive advantage in its industry or market. Therefore, a strong alignment between organizational strategies and core competencies is critical for achieving success and sustained growth..choice A is incorrect because competencies are not tactics, but rather the underlying strengths or abilities of an organization. Choice B is incorrect because while competencies and strategies may contribute to the organizational vision, they are not the same as the vision itself. Choice D is incorrect because strategies and competencies are distinct concepts, although they may be closely linked in practice.

How Are Organizational Strategies Related to Core Competencies