Question one. Successful businesses adopt a rigorous approach to identifying and defining their core competencies and then single-mindedly pursue them. Wal-Mart is one of the powerful retail brands and well known for its value for money products, convenience and a wide range of products all under one roof. The competitive advantages that Wal-Mart has over its competitors make it a leading top position in the industry. However, what is the core competence? What it has to do with the success of the firm? A core competence is a unique kind of capability that associates with a competitive advantage that a firm has over its rivals. These unique advantages over its rivals help make the firm success in making it more profitable, It is useful to examine the competences that its posses in its current operation of Wal-Mart. To determine the core competence, there are two methods that help to identify and building core competencies of the firm first by using four specific criteria of sustainable competitive advantage of a firm or value chain analysis. The four criteria are valu......

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