This paper focuses on the theoretical connotation and formation mechanism of enterprise core competitiveness. In the theoretical connotation part, the definition and characteristics of core competitiveness are clarified, its constituent elements are analyzed, and its value and function are expounded. As a unique advantage of an enterprise, core competitiveness is a combination of abilities that are difficult to imitate by competitors, which is of great significance to the survival and development of an enterprise. In terms of formation mechanism, the accumulation and integration of internal resources is the foundation, and enterprises need to integrate various resources to form unique capabilities; The adaptation and utilization of external environment is the key, and enterprises should keenly capture market changes and effectively use external resources; Innovation-driven and sustainable development is the guarantee to promote the continuous progress of enterprises. In addition, the cultivation and promotion strategies of enterprise core competitiveness are put forward, including the cultivation based on resources and capabilities, the promotion based on external environment adaptation and the promotion based on organizational change and innovation. The conclusion is that enterprises need to build and enhance their core competitiveness from various aspects to gain an advantage in the fierce market competition and realize sustainable development.
References
[1] Xie, C. (2021) The Source of Enterprise Competitiveness: Theoretical Review with Four Viewpoints. Open Journal of Business and Management, 9(5), 2513-2521.
[2] Sieradzka, K., Luft, R. (2015) Theoretical aspects of enterprise competitiveness. Central European review of economics & finance, 10(4), 133-141.
[3] Feng, C. (2023) Enterprise Core Competency Theory and the Development of the Management Discipline. Academic Journal of Business & Management, 5(21), 29-34.
[4] Li, M., Liu, Y. (2024) The influence of digital innovation ecosystem of high-end equipment manufacturing on the intelligent maturity of enterprise–an empirical study on the configuration of the “three-layer core-periphery” structure. Business Process Management Journal, 30(1), 199-221.
[5] Zhao, F., Wang, L., Chen, Y., Hu, W., Zhu, H. (2024) Green human resource management and sustainable development performance: organizational ambidexterity and the role of responsible leadership. Asia Pacific Journal of Human Resources, 62(1), e12391.
[6] Brychko, M., Bilan, Y., Lyeonov, S., Streimikiene, D. (2023) Do changes in the business environment and sustainable development really matter for enhancing enterprise development? Sustainable Development, 31(2), 587-599.
[7] Cui, Y., Cao, Y., Ji, Y., Chang, I. S., Wu, J. (2022) Determinant factors and business strategy in a sustainable business model: An explorative analysis for the promotion of solid waste recycling technologies. Business Strategy and the Environment, 31(5), 2533-2545.
[8] Su, J., Wei, Y., Wang, S., Liu, Q. (2023) The impact of digital transformation on the total factor productivity of heavily polluting enterprises. Scientific Reports, 13(1), 6386.
[9] Tong, T., Iqbal, K., Rahman, A. A. (2022) Core technological competence and competitive advantage: a study on Chinese high-tech SMEs. Frontiers in Psychology, 13, 959448.
[10] Tiwari, M., Bryde, D. J., Stavropoulou, F., Malhotra, G. (2024) Understanding the evolution of flexible supply chain in the business-to-business sector: a resource-based theory perspective. International Studies of Management & Organization, 54(4), 380-406.
Share and Cite
Xu, Q. (2025) Research on the theoretical connotation and formation mechanism of enterprise’s core competitiveness. Hong Kong Financial Bulletin, 1(2), 8-13.