Statement 1: C.K. Prahalad contributed to the development of the concept of core competencies, which is crucial for sustaining competitive advantage.
Statement 2: Prahalad’s work on core competencies emphasizes the importance of focusing on short-term goals rather than long-term strategy.

1
Statement 1 is true; Statement 2 is false.
2
Both Statement 1 and Statement 2 are true.
3
Statement 1 is false; Statement 2 is true.
4
Both Statement 1 and Statement 2 are false.

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