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Outside- in vs. Inside-out

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Core Competence

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Dr. Uditha Liyanage
4
Dr. Uditha Liyanage, Sri Lanka

Outside- in vs. Inside-out

I think the debate on the wisdom of an "outside- in" vs. "inside-out" approache is misplaced. CC is clearly the latter but unless you match your CC with market opportunities, CC will not yield desired results.

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Rating

  Jennifer
0
Jennifer, USA
 

Market or Competence first?

There is an important reason for considering carefully if an outside-in or an inside-out approach is adviseable: in reality you will often end up with different conclusions, results and strategies, depending on your initial choice.
Of course it is agreed that you should always consider both aspects, irrespective of your starting point.

  John Keifer
0
John Keifer, USA
 

Outside or Inside?

Hamel and Prahalad wrote 14 years (1994) ago about core competencies. Since then, firms have disintermediated to a large extent across many industries. The need now is for firms to rapidly specialize and leverage their specialization across other firms likewise specializing. The idea of "core competencies" or key value creating processes now must be viewed now through a dynamic, constantly evolving prism. Stated differently, my impression is that speaking to the externality of the market or the internality of the firm no longer captures the essence of their key contribution to understanding the essence of firm competitiveness.

  K
0
K, NL
 

Use of Inside out

Agree to Mr Uditha: As the main goal of companies serving the market and make money doing so, the whole idea of inside out seems a bit useless. If you have a CC that nobody recognizes as added value then what's the use? Market needs are leading - adjust yourself to that and develop a CC.

 

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topic CC as an Organisational Trait(s)
topic Identifying a Core Competence
topic Imitation of Core Competence
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topic The Virtual Company and Core Competences
topic Utilizing a Core Competence
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topic Core Competences and Porter's 5 Forces
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topic Core Competency Should be Challenged
topic Integrating the Core Competence
topic People are our Greatest Asset
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topic Defining New Services / Capabilities
👀Outside- in vs. Inside-out
topic Examples of Core Competences
topic Is There Any Difference Between a Competence and a Competency?
topic Collaboration and CC
🔥 The Role of AI in Core Competence
Special Interest Group


More on Core Competence
Summary Discussion Topics
topic Why Protect Core Competence?
topic CC as an Organisational Trait(s)
topic Identifying a Core Competence
topic Imitation of Core Competence
topic Core Competency versus Corporate Competency?
topic The Virtual Company and Core Competences
topic Utilizing a Core Competence
topic Always link Strategy to CC
topic Financial Valuation of a Core Competence
topic Core Competences and Porter's 5 Forces
topic Is CC REALLY Different from FF?
topic Leadership & Core Competence
topic Core Competency Should be Challenged
topic Integrating the Core Competence
topic People are our Greatest Asset
topic Core Competences Change due to ICT
topic Defining New Services / Capabilities
👀Outside- in vs. Inside-out
topic Examples of Core Competences
topic Is There Any Difference Between a Competence and a Competency?
topic Collaboration and CC
🔥 The Role of AI in Core Competence
Special Interest Group
Knowledge Center

Core Competence



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