A Six-factor Model for Cultivating Core Competences:An Example From CITIC Heavy Machinery CO.,LTD

In this article,the concept of the core competence of the corporation is discussed. A six-factor model for cultivating core competence is put forward by taking CITIC Heavy Machinery CO.,LTD as an example.Core competence is the corporation's competence on a certain aspect which is superior to that of the competitors of all over the world.Six factors should be emphasized for Chinese enterprises to cultivate the core competence.First,the right competence orientation should be found.Second,the technological transformation and innovation should be implemented.Third,external knowledge acquisition is needed.Fourth, a good management system should be established.Fifth,the proper corporate culture should be cultivated.Sixth,Chinese enterprises should make progress in a stepwise manner.