In: Economics
Core competency is the unique combination of factors that creates value in the market, which ultimately gives a marketplace.
This is a renowned pizza company, spread throughout the world.
Its core competencies are as below:
1) Unique technology: The company uses technology for making pizza. This is faster and safer. Such technology is different from others, which makes it unique.
2) Innovative skills of personnel: Company’s policy is to hire employees, staffs, and workers, those who have innovative mind. Taste of customers matters and it keeps changing; products require frequent innovation in order to make parity with such taste change. The company always tries to do so
3) The urge of spreading: Expansion is the key for the company. The business was started on 1960 with one small store; but now it has more than 10,000 stores around the world. The company wants to expand more, because more expansion means more marketplaces and more businesses.