Core Competencies of Charles River Laboratories
Core competencies are inclusive of resources and faculties of a business that award it a competitive advantage. Theoretically, firms have to leverage and maximize on the capabilities to be a step ahead of competitors (Kawshala, 2017). Charles River Laboratories is a contract research firm that provides laboratory services for biotechnology, medical, and pharmaceutical industries. It was founded in 1947 and their corporate headquarters are located in Wilmington, Massachusetts, United States (Charles River, 2020). The organization has forged its core competencies in animal medicine by establishing a diverse portfolio of services in research and safety precautions. Clients enjoy Good Laboratory Practice and non-GLP services, which assist them in target identification and non-clinical development.
Furthermore, Charles River Laboratories also provides a catalog of products and services that ease customers’ manufacturing ventures. Clients who use the firms range of products can build flexible and reliable drug development models, thereby reducing operational costs, building their production capacity, and enhancing speed to market. Consequently, Charles River Laboratories has seen immense success, which is reflected in their global business model. The firm runs operations in US, Japan, Canada, UK, and other nations in Europe and has more that 17,000 human resources under its name. Their employees are devoted to satisfying clients’ individual needs to enhance discovery, development, and proper manufacturing of therapies. Conclusively, Charles River Laboratories’ core competences revolve around the provision of a variety of products and services that serve companies, federal agencies, and academic institutions. Their efforts make a global impact in accelerating research and drug development.
References
CharlesRiver. (2020). About us. Retrieved from Charles River: https://www.criver.com/about-us
Kawshala, H. (2017). Theorizing the Concept of Core Competencies: An Integrative Model beyond Identification. Journal of Scientific and Research Publications, 7(2), 253-256.