Core Competencies and Enterprise Innovation

Author: Lu Fucai
Publisher:
Publish Date: 2002-12-01
Features: The theory of core competitiveness has become an important tool for analyzing effective competition and growth among enterprises, and a key objective in current economic competition. Today, establishing and developing a company's own core competitiveness has become a common strategic goal for Western enterprises. It is also the foundation for the effectiveness of various corporate development strategies, and the success of Western enterprises is closely related to their emphasis on core competitiveness. The emergence of core competitiveness reflects the deepening restructuring of industrial structures worldwide. The United States has shaped its competitiveness for the 21st century around the information industry, while EU countries pursue a collaborative synergy as their core competitiveness. Closer to home, the steel industry in China is no longer focused on the quantity of output but has gradually formed a "multi-product coverage capability under a certain scale of production." In recent years, Shanghai's progress has been remarkable. Former Mayor Yu Kuangdi once asserted: "Shanghai's core competitiveness lies in its mature understanding of market competition and its well-regulated open and competitive environment."