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Publisher's Summary

To succeed, companies must consider their "core competencies," this article from Harvard Business Review states. Authors C.K. Prahalad of the University of Michigan and Gary Hamel of the London Business School explain that if a corporation starts by building competencies in various areas, its core products emerge from these competencies, thereby making it much more flexible in readjusting its focus to respond to the changing market. They explain how to build these competencies and to develop strategy with the competencies at its base. This article originally appeared in print in the May-June 1990 Harvard Business Review and is now available in audio format exclusively through Audible.
Want to sharpen your leadership skills with previous editions of the Harvard Management Update? You can find past issues from 1997 to the present by clicking on matching edition under periodicals.
©1990 by the President and Fellows of Harvard College, All Rights Reserved; (P)1997 Audible Inc.

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