Research on Entrepreneur Ability’s Effects on the Core Competence of Small and Medium-Sized Enterprises

Abstract

This paper is based on the entrepreneur theory and core competence theory. In 1990, C. K. Prahalad and Gary Hamel formally brought up the theory of core competence in The Core Competence of the Corporation published in the Harvard Business Review. Prahalad and Hamel hold that core competence was “a kind of accumulative knowledge in an organization, especially a kind of common knowledge to coordinate different production skills and organically integrate various techniques” [1]. In order to promote the core competence of small and medium-sized enterprises, the author studies entrepreneur ability’s effects on the core competence of small and medium-sized enterprises by contrast method, citing instances method, literature method and classification method, and then finds that in the process of recognizing, molding, extending and improving the core competence of small and medium-sized enterprises, entrepreneur’s five abilities play important roles such as their honest character, spirit of leadership, acute discernment, learning ability and pioneering creativity.