Leadership & Core Competence
Resources that might be easily available will not enable a business to achieve a competitive advantage over rivals. If a core competence yields a long term advantage to the company, it is said to be a sustainable competitive advantage.
Good leaders are dedicated to lifelong learning & seeking continuous improvement in their companies. They also seek it for themselves.
Leaders recognize that competition between businesses is a race for competence mastery, market position & power. A goal for leaders/ management should be to focus attention on competencies that really affect competitive advantage, since it may not be possible to focus on all activities & competencies of a business.
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