IN CONTEXT
Business strategy
1900s–1950s Growth of large, vertically integrated corporations that control and own their assets, requiring complex and multilayered management structures.
1950s–1990s Organizations begin to expand by acquiring unrelated businesses.
1990 Business experts C. K. Prahalad and Gary Hamel introduce the idea of “core competencies” in their Harvard Business Review article “The Core Competence of the Corporation”.
1995 US companies start to outsource functions to companies “offshore,” such as businesses located in India.
2000s Companies begin to sell off unrelated businesses to refocus on their core.
The expression ...
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