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Please tell me the following statement is correc…

Please tell me the following statement is correct or incorrect A core competence is a unique stre…

Please tell me the following statement is correct or incorrect A core competence is a unique strength of an organization which may not be shared by others.

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Jeeba Mar. 08, 2018

The above statement is correct.

Core competencies are what give a company one or more competitive advantages, in creating and delivering value to its customers in its chosen field.

It is a unique strength of an organization which may not be shared by others. If business is organized on the basis of core competence, it is likely to generate competitive advantage.

A core competence provides potential access to a wide variety of markets. Core competencies should be such that it is difficult for competitors to imitate them.

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