alone and are generally considered in isolation.
Core competencies are
harmonized, intentional constructions. They are more than the traits
of individuals. Capabilities are considered core if they
company strategically. Core competencies are aggregates of
is created that has
sustainable value and broad applicability. That
synergy needs to be sustained in the face of potential competition
and must not be specific to one product or market.
Core Technologies and Competencies
– leveraging and extending corporate assets... More
What: is Core Competency?
Core competencies are the most significant
value creating skills
within your corporation
and key areas of expertise which are
distinctive to your company and critical to the company's long term and
Your company's core
competencies are the things that you can do better than your competitors in
the critical, central areas of your company where the most
is added to your products. These areas of expertise may be in any area from
product development to employee dedication.
"A core competency is an area of specialized expertise that is the result of
harmonizing complex streams of technology and work activity."
A competence which is central to your
business's operations but which is not exceptional in some way should not be
considered as a core competence, as it will not generate a
advantage over rival businesses.
Resources that are standardized or easily available will
not enable a business to achieve a
Sustainable Competitive Advantage
A corporation that builds on core competencies
utilizes skills that combine to strengthen
value chains and build greater competitive advantages. This leads to
whereby they become more productive together than independently.
Core Competence as a Team Sport
A core competence is a combination of
complementary skills and knowledge bases embedded in a
team that taken together
makes it possible to provide a