Not among the principal managerial components is Deciding which core competencies and value chain activities to leave as is and which ones to overhaul and improve. This is further explained below.
What are the principal managerial components?
Generally, Planning, organizing, staffing, leading, and managing are the five basic activities of management at its most fundamental level.
In conclusion, The decision of which fundamental competencies and activities throughout the value chain should be maintained in their current state, and which should undergo revision and improvement, is not one of the primary components of management.
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