Question

Assume you are a business owner. Your organization manufactures and sells branded wooden furniture, through its own stores, across US. What core competencies should your organization have to succeed in the business?

Answer 1

Answer-Core competencies should your organization have to succeed in the business across the US are-

1. Customer service-It is very important core competencies for the business organization, customer service is a service of the organization in which they handle the queries and questions of the customers related to the product and a successful business also provides customers services after the sale of goods and services.

2. Innovation -In this , innovation will help the owner to improve their existing products, as well as the owner, can also launch some new variety of the product related to furniture products.

3. Quality of Products-In this owner should try to provide a good and high quality of products to the customer which will help the organization to achieve the customer trust.

4.Marketing -It is a type of core competencies in which the owner should promote their products in the market with different advertisements channels, marketing can also take place by the marketing department of the organization.

5. Flexibility-There should be flexibility in the price decision of the products which will help in the competition against the competitors in the market who are dealing in the same business.