Time-based Competition, Core Competitiveness Of Enterprises Build

Nowadays, more and more companies have come to realize that time is the most critical competitive yardstick of company performance beside quality and cost .It is more significant to respond to the market and potential market rapidly by carrying out time-based competition in a rapidly changing business environment.In this paper, the author first makes a general introduction of the time-based competition. Then based on the core competence theory, the construction of core competency focusing on time-based competition is advanced. Thirdly, the author discusses how to form core competency by means of time-based competition, centring on analyzing time factors throughout the whole product flows from research and design to delivering to the customers. Some organizational structure strategies are also referred to, which can be a useful supplement to the systematic strategy of time-based competition.Through this thesis, the author expects to push the academic research of time-based competition, and gives some useful advice to the business practitioners.