Concept of core competence in strategic management pdf
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Concept of Core Competence All About Business and Management

concept of core competence in strategic management pdf

A LITERATURE REVIEW ON CORE COMPETENCIES. Core Competence What is Core Competence?? 5. a bundle of skills integrated to make a company unique. the engine for new business development, underlying component of a company‟s competitive advantage. created from the coordination, integration and harmonization of diverse skills and multiple streams of technologies. 6., the root of all competitive advantages lies core competence (Torkkeli and Tuominen, 2002). Therefore core competence is a critical strategic tool in understanding the foundation of competitive advantage. According to Prahalad and Hamel (1990) competence and core competence are actually different concepts. They explain the differences as follows.

What is a Core Competency concepts definition

ECS8 C03.qxd 10/15/07 1423 Page 93. competence, it also is understood to mean “cognizance” or “responsibility”. This concept of competence has been and is used in a very specific and arbitrary manner in biology, immunology, jurisprudence, and in some other scientific disciplines, which will …, strategy since it immediately highlights the fact that core competences in manufacturing are useless if they are not properly aligned with competitive positioning. Focus—After looking at dimensions of competence and competitiveness, we now turn to the concept of focus as it relates to these dimensions. Skinner1' introduced the notion that, in.

university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. This is how the management theory of “core competencies” was unveiled to …

We are going to explain the concept of core competency in this article and how to generate a competitive advantage for a company. This article will also tell you what contemporary views on core competencies do exist. We will provide a summary of a few cases and studies to describe the complexities of the concept. The term core competency was Core competence – definition and dynamics in the not - for- profit sector. Maria Andersson and Rachel Reid 2 Abstract Core competence as a concept has been implemented and studied within the for-profit sector for some decades. The concept is used to …

of a model of “process-oriented” core competence management. As a result, the offered frameworks and model show interrelationships among the processes and the core competences. With this perspective, actions related to the management of processes and of core competences might be clearly integrated and associated in the practice, helping to link process-orientation with strategic management This set can be expressed in a nomological network of strategic concepts. Using this network to research core competencies can lead to a competence related theory, providing a systematic, rather than anecdotal, conceptualization of what core competencies contribute to corporate effectiveness. Underlying such an argument for competence-related theory is the assumption …

We are going to explain the concept of core competency in this article and how to generate a competitive advantage for a company. This article will also tell you what contemporary views on core competencies do exist. We will provide a summary of a few cases and studies to describe the complexities of the concept. The term core competency was Core Competencies are areas of deep proficiency that can help distinguish a company from its competitors because they are hard for competitors to copy or procure. Skip to Content Bain uses cookies to improve functionality and performance of this site.

The primary difference between competitive advantage and core competence is presented in detail, in this article. Core competencies are the major source of attaining competitive advantage and determines the areas, that a firm must focus. It helps the firms in idenfying prospective opportunities of adding value to customers. Core Competencies And The Strategic Management Of R&D Article in R& D Management 26(4):345 - 355 · May 2007 with 359 Reads How we measure 'reads'

Core Competence What is Core Competence?? 5. a bundle of skills integrated to make a company unique. the engine for new business development, underlying component of a company‟s competitive advantage. created from the coordination, integration and harmonization of diverse skills and multiple streams of technologies. 6. The Core Competence model does the opposite by stating that in the long run, competitiveness derives from an ability to build a Core Competence, at lower cost and more speedily than competitors. The Core Competence may result in unanticipated products. The real sources of advantage are to be found in management's ability to consolidate

Strategy, Core Competencies and Human Resource Development ALAN CLARDY Towson University, USA ABSTRACT HRD’s traditional approach to competency focuses on superior individual performance. The concept of a core competency in the strategic literature, as reviewed here, considers it as an organizational capability that provides sustained competitive … Core competence – definition and dynamics in the not - for- profit sector. Maria Andersson and Rachel Reid 2 Abstract Core competence as a concept has been implemented and studied within the for-profit sector for some decades. The concept is used to …

The Core Competence model does the opposite by stating that in the long run, competitiveness derives from an ability to build a Core Competence, at lower cost and more speedily than competitors. The Core Competence may result in unanticipated products. The real sources of advantage are to be found in management's ability to consolidate We are going to explain the concept of core competency in this article and how to generate a competitive advantage for a company. This article will also tell you what contemporary views on core competencies do exist. We will provide a summary of a few cases and studies to describe the complexities of the concept. The term core competency was

Difference Between Competitive Advantage and Core Competence. Concept of Core Competence in Strategic Management - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. concept of corecompentence in stragic mangement, university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec.

Core competencies for Business MBA Crystal Ball

concept of core competence in strategic management pdf

ECS8 C03.qxd 10/15/07 1423 Page 93. Core competences have to be based on superior knowledge. For a good strategy for business it is important to know the elements of the core competences, details of the knowledge on which they are formed, creation and management of knowledge and lastly about, the knowledgeable deployment of the core competences. Under standing these aspects are, Concept of Core Competence. Core competency is explained by academicians as an ability at which an individual is particularly proficient, or a set of actions that firms perform better than other functions whether more efficiently, at lower cost or at higher quality..

The concept of Core Competency SlideShare. 25/02/2014 · This article explains the Core Competence Model, developed by Gary Hamel and C. K. Prahalad in a practical way. After reading you will understand the basics of this powerful strategic management and competitive advantage tool., Core Competencies are areas of deep proficiency that can help distinguish a company from its competitors because they are hard for competitors to copy or procure. Skip to Content Bain uses cookies to improve functionality and performance of this site..

Core competence What does it mean in practice

concept of core competence in strategic management pdf

CORE COMPETENCIES British Columbia. Strategy, Core Competencies and Human Resource Development ALAN CLARDY Towson University, USA ABSTRACT HRD’s traditional approach to competency focuses on superior individual performance. The concept of a core competency in the strategic literature, as reviewed here, considers it as an organizational capability that provides sustained competitive … https://en.m.wikipedia.org/wiki/Competitive_advantage Managers and management scholars alike need operational models and concepts for dealing with core competencies within strategic management. This book provides tools for the practitioner as well as fundamental theoretical concepts to enable scholars to ….

concept of core competence in strategic management pdf


The Core Competence model does the opposite by stating that in the long run, competitiveness derives from an ability to build a Core Competence, at lower cost and more speedily than competitors. The Core Competence may result in unanticipated products. The real sources of advantage are to be found in management's ability to consolidate Core competency is a concept in management theory introduced by, C. K. PRAHALAD and GARY HAMEL. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace“

The primary difference between competitive advantage and core competence is presented in detail, in this article. Core competencies are the major source of attaining competitive advantage and determines the areas, that a firm must focus. It helps the firms in idenfying prospective opportunities of adding value to customers. A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.

Advantage. Themodel frames competence relative to both skill related and cognitive components. Thesecomponents are presented in dynamic termsasthey reflect theinfluenceof changes both in Core Competence Matters: Preparing for a New Agenda. Acta Wexionensia No. 121/2007. ISSN: 1404-4307, ISBN: 978-91-7636-567-0. Written in English. The core competence concept describes how large companies can prosper and achieve competitive advantage. It is a well-known concept …

Core Competencies And The Strategic Management Of R&D Article in R& D Management 26(4):345 - 355 · May 2007 with 359 Reads How we measure 'reads' 25/02/2014 · This article explains the Core Competence Model, developed by Gary Hamel and C. K. Prahalad in a practical way. After reading you will understand the basics of this powerful strategic management and competitive advantage tool.

tinctive, or core, competences. The concept of core competences was developed, most notably, by Gary Hamel and C.K. Prahalad. While various definitions exist, here core competences4 are taken to mean the skills and abilities by which resources are deployed through an organisation’s activities and processes such The term core competency can be applied to the organization as a whole or to individuals. Organizational Level. The concept of “Core Competency” comes from management professors Gary Hamel & C.K. Prahalad. They introduced the idea in their 1990 article for the Harvard Business Review – “The Core Competence of the Organisation.” They

Core Competence What is Core Competence?? 5. a bundle of skills integrated to make a company unique. the engine for new business development, underlying component of a company‟s competitive advantage. created from the coordination, integration and harmonization of diverse skills and multiple streams of technologies. 6. Managers and management scholars alike need operational models and concepts for dealing with core competencies within strategic management. This book provides tools for the practitioner as well as fundamental theoretical concepts to enable scholars to …

Core competences have to be based on superior knowledge. For a good strategy for business it is important to know the elements of the core competences, details of the knowledge on which they are formed, creation and management of knowledge and lastly about, the knowledgeable deployment of the core competences. Under standing these aspects are view stipulates that in strategic management, the fundamental sources and drivers of firms' competitive advantage and superior performance are mainly associated with the attributes of their resources and capabilities, which are both valuable and

Rigidity: There is a need for concept of moving balance among the consideration on which the strategy is based. Inadequate Appreciation of Strategic Management: Managers are inadequately aware about its contribution to the success & the way in which Strategic Management … view stipulates that in strategic management, the fundamental sources and drivers of firms' competitive advantage and superior performance are mainly associated with the attributes of their resources and capabilities, which are both valuable and

concept of core competence in strategic management pdf

Core Competencies are areas of deep proficiency that can help distinguish a company from its competitors because they are hard for competitors to copy or procure. Skip to Content Bain uses cookies to improve functionality and performance of this site. CORE COMPETENCIES Social Responsibility 1. Contributing to community and caring for the environment 2. Solving problems in peaceful ways 3. Valuing diversity PS 4. Building Relationships. COMMUNICATION CORE COMPETENCY The Communication competency encompasses the set of abilities that students use to impart and exchange information, …

Difference Between Competitive Advantage and Core Competence

concept of core competence in strategic management pdf

A LITERATURE REVIEW ON CORE COMPETENCIES. A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness., The term core competency can be applied to the organization as a whole or to individuals. Organizational Level. The concept of “Core Competency” comes from management professors Gary Hamel & C.K. Prahalad. They introduced the idea in their 1990 article for the Harvard Business Review – “The Core Competence of the Organisation.” They.

Concepts of Competence Semantic Scholar

Core competence What does it mean in practice. university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec, While much has been written on what it is, there is little information on how to apply the concept. This article first links core competency to the company's strategic planning process and then presents a detailed process through which senior management can identify and take strategic advantage of their companies' core competencies and.

14/05/2016 · Competence in management can be attributed to observable characteristics and defined as the ability to meet organizational objectives, use available resources efficiently, maintain high levels of 14/05/2016 · Competence in management can be attributed to observable characteristics and defined as the ability to meet organizational objectives, use available resources efficiently, maintain high levels of

university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. This is how the management theory of “core competencies” was unveiled to …

Rigidity: There is a need for concept of moving balance among the consideration on which the strategy is based. Inadequate Appreciation of Strategic Management: Managers are inadequately aware about its contribution to the success & the way in which Strategic Management … The core competency approach in Strategic Management - The core competency approach in Strategic Management courses with reference manuals and examples pdf.

view stipulates that in strategic management, the fundamental sources and drivers of firms' competitive advantage and superior performance are mainly associated with the attributes of their resources and capabilities, which are both valuable and university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec

Core competence – definition and dynamics in the not - for- profit sector. Maria Andersson and Rachel Reid 2 Abstract Core competence as a concept has been implemented and studied within the for-profit sector for some decades. The concept is used to … Core competence – definition and dynamics in the not - for- profit sector. Maria Andersson and Rachel Reid 2 Abstract Core competence as a concept has been implemented and studied within the for-profit sector for some decades. The concept is used to …

Strategic planning is in our times viewed upon as a component part of the strategic management and as one of the principal management tools of an organisation management, elements of the organisation planning system. This paper will discuss the main elements of strategic planning and show the path how to get from a concept for the future of an 25/02/2014 · This article explains the Core Competence Model, developed by Gary Hamel and C. K. Prahalad in a practical way. After reading you will understand the basics of this powerful strategic management and competitive advantage tool.

Concept of Core Competence in Strategic Management - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. concept of corecompentence in stragic mangement Core competence is among the best-known strategic management concepts. A core competence it is believed to constitute and sustain the firm’s competitive advantage. The importance of core competencies for organisations is explored, in addition to technical capacities as one of the elements that allow organisations to be competitive in the market.

Core Competencies And The Strategic Management Of R&D Article in R& D Management 26(4):345 - 355 · May 2007 with 359 Reads How we measure 'reads' Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. This is how the management theory of “core competencies” was unveiled to …

Concept of Core Competence. Core competency is explained by academicians as an ability at which an individual is particularly proficient, or a set of actions that firms perform better than other functions whether more efficiently, at lower cost or at higher quality. Concept of Core Competence. Core competency is explained by academicians as an ability at which an individual is particularly proficient, or a set of actions that firms perform better than other functions whether more efficiently, at lower cost or at higher quality.

The Core Competence model does the opposite by stating that in the long run, competitiveness derives from an ability to build a Core Competence, at lower cost and more speedily than competitors. The Core Competence may result in unanticipated products. The real sources of advantage are to be found in management's ability to consolidate Capabilities and Competences Capability-based strategies are based on the notion that internal resources and core competencies derived from distinctive capabilities provide the strategy platform that underlies a firm's long-term profitability.

Strategic planning is in our times viewed upon as a component part of the strategic management and as one of the principal management tools of an organisation management, elements of the organisation planning system. This paper will discuss the main elements of strategic planning and show the path how to get from a concept for the future of an university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec

Core competence is among the best-known strategic management concepts. A core competence it is believed to constitute and sustain the firm’s competitive advantage. The importance of core competencies for organisations is explored, in addition to technical capacities as one of the elements that allow organisations to be competitive in the market. the root of all competitive advantages lies core competence (Torkkeli and Tuominen, 2002). Therefore core competence is a critical strategic tool in understanding the foundation of competitive advantage. According to Prahalad and Hamel (1990) competence and core competence are actually different concepts. They explain the differences as follows

Strategy, Core Competencies and Human Resource Development ALAN CLARDY Towson University, USA ABSTRACT HRD’s traditional approach to competency focuses on superior individual performance. The concept of a core competency in the strategic literature, as reviewed here, considers it as an organizational capability that provides sustained competitive … Core competences have to be based on superior knowledge. For a good strategy for business it is important to know the elements of the core competences, details of the knowledge on which they are formed, creation and management of knowledge and lastly about, the knowledgeable deployment of the core competences. Under standing these aspects are

view stipulates that in strategic management, the fundamental sources and drivers of firms' competitive advantage and superior performance are mainly associated with the attributes of their resources and capabilities, which are both valuable and CORE COMPETENCIES Social Responsibility 1. Contributing to community and caring for the environment 2. Solving problems in peaceful ways 3. Valuing diversity PS 4. Building Relationships. COMMUNICATION CORE COMPETENCY The Communication competency encompasses the set of abilities that students use to impart and exchange information, …

possibility that the core competence paradigm (CCP) has something useful to offer to those concerned with the strategic management of R&D in large firms. Our starting assumption is that there is a prima facie similarity between the CCP and the emerging literature on the strategic management of R&D on one crucial issue. This issue is the We are going to explain the concept of core competency in this article and how to generate a competitive advantage for a company. This article will also tell you what contemporary views on core competencies do exist. We will provide a summary of a few cases and studies to describe the complexities of the concept. The term core competency was

Core Competencies-Concept and Relevance Abstract: Concept of Core competencies was first proposed by Prof Gary Hamel and Prof CK Prahlad in 1990 to … of a model of “process-oriented” core competence management. As a result, the offered frameworks and model show interrelationships among the processes and the core competences. With this perspective, actions related to the management of processes and of core competences might be clearly integrated and associated in the practice, helping to link process-orientation with strategic management

What is a Core Competency concepts definition

concept of core competence in strategic management pdf

Capabilities and Competences Institute for Manufacturing. Core Competencies-Concept and Relevance Abstract: Concept of Core competencies was first proposed by Prof Gary Hamel and Prof CK Prahlad in 1990 to …, Core Competencies-Concept and Relevance Abstract: Concept of Core competencies was first proposed by Prof Gary Hamel and Prof CK Prahlad in 1990 to ….

Developing Core Competence Related Theory

concept of core competence in strategic management pdf

A resource and competence-based perspective of. Concept of Core Competence. Core competency is explained by academicians as an ability at which an individual is particularly proficient, or a set of actions that firms perform better than other functions whether more efficiently, at lower cost or at higher quality. https://en.m.wikipedia.org/wiki/Marketing_management the root of all competitive advantages lies core competence (Torkkeli and Tuominen, 2002). Therefore core competence is a critical strategic tool in understanding the foundation of competitive advantage. According to Prahalad and Hamel (1990) competence and core competence are actually different concepts. They explain the differences as follows.

concept of core competence in strategic management pdf


Core competencies are not product specific. They can and should be leveragable to create new products/ services. Indeed, a core competence is truly core when it forms the basis for entry into new product lines/ businesses. Sony’s core competence in miniaturization has enabled it to develop a range of popular consumer products. Reliance Industries’ core competence in … Core competences have to be based on superior knowledge. For a good strategy for business it is important to know the elements of the core competences, details of the knowledge on which they are formed, creation and management of knowledge and lastly about, the knowledgeable deployment of the core competences. Under standing these aspects are

Managers and management scholars alike need operational models and concepts for dealing with core competencies within strategic management. This book provides tools for the practitioner as well as fundamental theoretical concepts to enable scholars to … The primary difference between competitive advantage and core competence is presented in detail, in this article. Core competencies are the major source of attaining competitive advantage and determines the areas, that a firm must focus. It helps the firms in idenfying prospective opportunities of adding value to customers.

Strategic planning is in our times viewed upon as a component part of the strategic management and as one of the principal management tools of an organisation management, elements of the organisation planning system. This paper will discuss the main elements of strategic planning and show the path how to get from a concept for the future of an strategy since it immediately highlights the fact that core competences in manufacturing are useless if they are not properly aligned with competitive positioning. Focus—After looking at dimensions of competence and competitiveness, we now turn to the concept of focus as it relates to these dimensions. Skinner1' introduced the notion that, in

of a model of “process-oriented” core competence management. As a result, the offered frameworks and model show interrelationships among the processes and the core competences. With this perspective, actions related to the management of processes and of core competences might be clearly integrated and associated in the practice, helping to link process-orientation with strategic management of competence development in the workplace may be conceived. On the Concept of Competence Development In this context, competence development is defined as an overall designation for the various measures that can be used to affect the supply of competence on the internal labour market (in individual employees, groups of

Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. This is how the management theory of “core competencies” was unveiled to … Capabilities and Competences Capability-based strategies are based on the notion that internal resources and core competencies derived from distinctive capabilities provide the strategy platform that underlies a firm's long-term profitability.

25/02/2014 · This article explains the Core Competence Model, developed by Gary Hamel and C. K. Prahalad in a practical way. After reading you will understand the basics of this powerful strategic management and competitive advantage tool. university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec

The Core Competence model does the opposite by stating that in the long run, competitiveness derives from an ability to build a Core Competence, at lower cost and more speedily than competitors. The Core Competence may result in unanticipated products. The real sources of advantage are to be found in management's ability to consolidate The core competency approach in Strategic Management - The core competency approach in Strategic Management courses with reference manuals and examples pdf.

possibility that the core competence paradigm (CCP) has something useful to offer to those concerned with the strategic management of R&D in large firms. Our starting assumption is that there is a prima facie similarity between the CCP and the emerging literature on the strategic management of R&D on one crucial issue. This issue is the Managers and management scholars alike need operational models and concepts for dealing with core competencies within strategic management. This book provides tools for the practitioner as well as fundamental theoretical concepts to enable scholars to …

Thus a core competence can be applied to a wide variety of products or to your complete product portfolio. 3) Difficult for imitation The advantage of core competency is … possibility that the core competence paradigm (CCP) has something useful to offer to those concerned with the strategic management of R&D in large firms. Our starting assumption is that there is a prima facie similarity between the CCP and the emerging literature on the strategic management of R&D on one crucial issue. This issue is the

This set can be expressed in a nomological network of strategic concepts. Using this network to research core competencies can lead to a competence related theory, providing a systematic, rather than anecdotal, conceptualization of what core competencies contribute to corporate effectiveness. Underlying such an argument for competence-related theory is the assumption … Under strategic management, the first step to be taken is to identify the objectives of the business concern. Hence a corporation organized under the basic principles of strategic management will find a smooth sailing due to effective decision-making. This points out the need for strategic management.

university of quebec in montreal. a resource and competence-based perspective of organizational competences: an application in the context of food retailjng in quebec Core Competencies are areas of deep proficiency that can help distinguish a company from its competitors because they are hard for competitors to copy or procure. Skip to Content Bain uses cookies to improve functionality and performance of this site.

tinctive, or core, competences. The concept of core competences was developed, most notably, by Gary Hamel and C.K. Prahalad. While various definitions exist, here core competences4 are taken to mean the skills and abilities by which resources are deployed through an organisation’s activities and processes such of a model of “process-oriented” core competence management. As a result, the offered frameworks and model show interrelationships among the processes and the core competences. With this perspective, actions related to the management of processes and of core competences might be clearly integrated and associated in the practice, helping to link process-orientation with strategic management

Core competencies are the collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies. This is how the management theory of “core competencies” was unveiled to … While much has been written on what it is, there is little information on how to apply the concept. This article first links core competency to the company's strategic planning process and then presents a detailed process through which senior management can identify and take strategic advantage of their companies' core competencies and

Thus a core competence can be applied to a wide variety of products or to your complete product portfolio. 3) Difficult for imitation The advantage of core competency is … Capabilities and Competences Capability-based strategies are based on the notion that internal resources and core competencies derived from distinctive capabilities provide the strategy platform that underlies a firm's long-term profitability.

Capabilities and Competences Capability-based strategies are based on the notion that internal resources and core competencies derived from distinctive capabilities provide the strategy platform that underlies a firm's long-term profitability. Core competences have to be based on superior knowledge. For a good strategy for business it is important to know the elements of the core competences, details of the knowledge on which they are formed, creation and management of knowledge and lastly about, the knowledgeable deployment of the core competences. Under standing these aspects are

Advantage. Themodel frames competence relative to both skill related and cognitive components. Thesecomponents are presented in dynamic termsasthey reflect theinfluenceof changes both in Managers and management scholars alike need operational models and concepts for dealing with core competencies within strategic management. This book provides tools for the practitioner as well as fundamental theoretical concepts to enable scholars to …

tinctive, or core, competences. The concept of core competences was developed, most notably, by Gary Hamel and C.K. Prahalad. While various definitions exist, here core competences4 are taken to mean the skills and abilities by which resources are deployed through an organisation’s activities and processes such Basic Concepts of Innovation and Innovation Management-Student Material-Manuel Lorenzo Hernández Head of Technology & Innovation, Ericsson España S.A. E-mail: manuel.lorenzo@ericsson.com Last updated: 25 March 2010 With a big Thank You to Dr.Tony Davila and Dr. Rob Cooper. Basic Concepts of Innovation and Innovation Mgmt M.Lorenzo 2010-03-252 Contents Introduction 15’ Key Concepts …

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