A Proposed Industrial Classification System Based on Core Competences

Dong-Sung Cho and Dong-Hyun Lee

Industry and Innovation, 1998, vol. 5, issue 2, 197-208

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.

Date: 1998
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DOI: 10.1080/13662719800000011

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