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A Proposed Industrial Classification System Based on Core Competences

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  • Dong-Sung Cho
  • Dong-Hyun Lee

Abstract

The Standard Industrial Classification Code (SICC) is based on the external characteristics of industries, including physical outputs, types and usage. Such external criteria are becoming increasingly inadequate to guide both management strategy and public policy, as firms seek new sources of advantage from diversification. In this paper a new classification based on core competences is introduced. This provides a new setting in which the effectiveness of diversification may be discussed.

Suggested Citation

  • Dong-Sung Cho & Dong-Hyun Lee, 1998. "A Proposed Industrial Classification System Based on Core Competences," Industry and Innovation, Taylor & Francis Journals, vol. 5(2), pages 197-208.
    • Handle: RePEc:taf:indinn:v:5:y:1998:i:2:p:197-208
    DOI: 10.1080/13662719800000011
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    References listed on IDEAS

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