Core Competence of Sharp Corporation Essay Example | Topics and Well Written Essays - 3000 words

Core Competence of Sharp Corporation - Essay Example This is also called Resource-Based View (RBV). There were abundant literatures providing theoretical and empirical support justifying that competitive advantage is derived from imperfectly tradable, imperfectly substitutable and valuable assets. The idea of portfolio approach encouraging diversification into unrelated areas that flourished in 1960s and 1970s lost its fervor to RBV approach advocating diversification into related areas. RBV approach also was critical of multi divisonalisation of a large company that led to corporate fragmentation and short-termism undermining the development of core competencies and innovations. Core competency exploitation led to vertical integration in large companies to achieve competitive advantage. But of late vertical disintegration is being attempted in the globalization tendencies which offer wide opportunities to delegate to external suppliers with highly specialized expertise resulting in more pronounced core competency approach for the give n company. (Christensen 2005) Hammel and Prahalad (1994) in their book "Competing for the future"assert that companies should look forward to the share of future opportunity share rather than current market share. They say that successful enterprises will reshape their industries rather than themselves by building upon their unique core competencies without building upon current product lines and that this will lead to creation of new competencies. They advocate new strategy which requires four approaches namely (1) understanding of the shape of future competition; (2) process by which to gauge tomorrow's opportunities; (3) energizing the company from top-to-bottom to prepare for the future; and (4) overtaking the competitors and arrive at the future first without assuming undue risks. They add that it takes a company 5-10 years or more to achieve leadership position in a given core competence and that if a company does not know how to leverage their existing core competencies, it will be overtaken by the others in the market. A core competence is defined as a combination of skills and technologies that would enable a company to offer an added benefit to their customers. For instance for the benefit of pocketability, core competence has been miniaturization for Sony and for the benefit of on-time delivery, logistics should be the core competence as in the case of Federal express. In order to create a culture of core competence in an organization, it should engage itself in five key competence related tasks. (1) Recognizing the existing core competencies ; (2) Setting up a core competence acquisition program; (3) Developing core competencies which is a long-term commitment; (4) Deployment of core competencies; and (5) Protection and preservation of core competencies. About Sharp Corporation Sharp Corporation is well known for its innovative products ever since its inception in 1912 with two employees. Its first ever product was snap belt knuckle which the founder Tokuji Hayakawa had himself designed. Its first ever innovative product was "ever sharp" mechanical pencil invented by its founder in 1915 and the company has been named after the pencil "sharp". Today it employs 57,600 (as on April 30, 2007) people worldwide and is at present is a leading manufacturer of liquid crystal displays (LCDs) and digital technologies. It has got the widest range of sophisticated consumer electronics,

Personal statement of character Essay Example | Topics and Well Written Essays - 500 words

Personal statement of character - Essay Example hat the maker of drugs should have the traits that are required to understand the philosophy behind the administration of drugs and their role in healing. When I first considered being a pharmacist, I did not base my decision on my mere aptitude at math and chemistry; it was also my personal qualities that motivated me to pursue a profession which is a crucial cog in the healing process. One of the most important qualities that can be of great assistance to me in my career as a pharmacist is my compassion for others. During my nursing profession, I often found myself empathizing sincerely with the patients and understanding their pain and suffering. My experience as a nurse has made me sensitive to the suffering of the people and the pain that they have to bear due to disturbances in their normal physiological functions. Bearing this in mind, my focus when preparing drugs would be solely to mitigate the pain and affliction of these people. I am a compassionate by nature and my poised and calm personality can be a great asset during my professional practice as a pharmacist. My experience as a nurse has equipped me with the skill of appeasing patients- an attribute that I feel is necessary for satisfying frightened and stressed customers. I am also good at sports and have remained an active sportsperson in tennis and basketball in my school and college years. Being a team member and working with the rest of the team members have equipped me with a very valuable trait- team work. The profession of pharmacy requires that the pharmacist interacts with a number of professionals from the health care field. These include doctors, drug retailers, lab technicians etc. Working in teams for the success of the team and assisting team members to improve their performance has not only made me more helpful but has also made me more goal-driven. My ambition has enabled me to deliver excellent results when working on my own. Table tennis is a sport that requires players to develop