Core Competence: is one large thing or the sum total of many little things an organization does better than its competitors; It can be anything from product development to employee dedication. Modern business theories suggest that most activities that are not part of a company's core competency are candidates for outsourcing; if a core competency yields a long-term advantage to the company, it is said to be a sustainable competitive advantage – a core competence of the company; core competencies are built through a process of continuous improvement and enhancement and should constitute the focus for corporate strategy.
At this level, the goal is to build
Core competence is a group of skills and technologies; it is not a single skill or technology. It is your ability to execute some activity with superior speed and accuracy. It is what gives you more flexibility in delivery or manufacturing and allows you to turn on a dime. It is what allows you to arrive before competition.
Candidates for Core Competency
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