> I believe the phrase was invented by by C.K. Prahalad and Gary Hamel in this May, 1990 issue of the Harvard Business Review
A quick search of google will show you it was around quite a long time before that.
> Inspirational for this concept was what Jack Welch argued for while he was CEO of GE, during the 80s and 90s: the company must be in the #1 or #2 spot in any industry
Jack Welch took an industrial organization and mortgaged it. GE capital was an enormous percentage of the company when he left. Sure enough, a credit contraction caused GE to take a bailout in 2008.
He talked a great game, but their performance was exposed after he left.
"A core competency is a concept in management theory originally advocated by CK Prahalad, and Gary Hamel, two business book writers."
No doubt the phrase was used before then, but I've never heard anyone suggest that the very specific business meaning it has now existed before their article.
A quick search of google will show you it was around quite a long time before that.
> Inspirational for this concept was what Jack Welch argued for while he was CEO of GE, during the 80s and 90s: the company must be in the #1 or #2 spot in any industry
Jack Welch took an industrial organization and mortgaged it. GE capital was an enormous percentage of the company when he left. Sure enough, a credit contraction caused GE to take a bailout in 2008.
He talked a great game, but their performance was exposed after he left.