How can an organization enhance its core competencies?

An organization can enhance its core competencies through investment in training, technology, and innovation. This approach fosters the development of skills and capabilities that are essential for the organization to differentiate itself and maintain a competitive advantage. By investing in training, employees gain the necessary knowledge and skills to perform their tasks more effectively, which directly contributes to the organization's overall performance.

Additionally, investing in technology allows an organization to leverage new tools and systems that can streamline processes, enhance productivity, and create more efficient ways of delivering products or services. Innovation drives continuous improvement and helps organizations to adapt to changing market demands and customer expectations, ultimately enhancing their core competencies.

The other options don't align with the long-term strategy needed to strengthen core competencies. Reducing training costs significantly may lead to short-term savings, but could also weaken the workforce's abilities over time. Avoiding changes in strategic direction can hinder an organization’s ability to adapt and grow in a continually evolving marketplace. Focusing exclusively on market competition can distract from internal development and growth, which are crucial for building lasting core competencies. Therefore, the optimal approach is the comprehensive investment in training, technology, and innovation.