The core competencies of a business enterprise are its strengths and foundations, which help maintain its competitive advantage. In today's global economy, Chinese businesses must continue to innovate and evolve to remain successful.
One way to achieve this is by investing in research and development, continually improving products and services, and being agile and flexible in responding to market changes. It is also essential to prioritize employee training and development to ensure a knowledgeable and skilled workforce.
Furthermore, building strong partnerships and strategic alliances with other businesses can provide access to new markets, technologies, and resources. By focusing on these core competencies, Chinese businesses can remain relevant and thrive in the ever-changing global marketplace.
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