The Core Competence Strategy And Empirical Research

As we all know, the theory of the core competence of the corporation focuses on the essential points of a corporation's survival and development.Since 1990s, the rapid development of such new technology corporations as Intel, Microsoft, Sisco, together with the constant rejuvenation of old-brand corporations led by GE, IBM, SONY reveals the key factors for a corporation's growth and development in which economists and management experts are interested. In a short term, the corporation's competitive advantage relies on the quality of the product. While, in the long run, it is the core competence that play the crucial role. This theory not only breaks the traditional view of the black-box enterprise but also challenges the modern corporation theories which have dominated for decades. Integrating economics with management, it analyzes the essential of a corporation and its internal management affairs as well and thus finds out that the main task of a corporation has turned to fostering the core competence from gaining excessive revenue in order to obtain the competitive advantage in the long run.The theory of the core competence of the corporation, an original theory of the enterprise and corporation strategic management rapidly arisen in 1990's, features unique vitality. Economics provides it with rich theoretic basis, whereas the theories and practice of strategic management guide it towards the practical explanation of the corporation's nature. Such a perfect combination offers a brand-new theoretic framework for the corporation research.Based on a comprehensive and systematic retrospect of the core competence theories and other research results and tendency presumptions, this dissertation comes up with a new framework of the four-component core competence strategic theory, which includes cultural core competence, knowledge core competence, organizational core competence and strategic executive competence. As for the significance of these four elements, the theory centers on the cultural core competence which functions as the core concept. Meanwhile it has an interactive connection among them, thus having a practical application.In the following four chapters, this paper is concerned with the four core competences respectively and put up their own subsystems with a series of concepts and models. What's more, there are some original ideas or research methods in each chapter. As the author conceives that the theory of the core competence is the latest fruit of strategic management theories and constitutes the mainstream of enterprisetheory, the strategic management system of each sub-competence component in every chapter heralds the orientation of in-depth core competence theory.With the theoretic history and development in the previous chapters, the last part deals with practice and application research. It devotes one quarter of the whole length on analyzing the current situations of the corporation core competence in our country. The author advises that under new domestic and international environment our enterprises should adapt certain strategic way of thinking and method to develop their own core competence. These suggestions are of importance to the in-depth research of the core competence of domestic corporations and their growth and development.