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What is meaning of core competencies, in your v...

What is meaning of core competencies, in your view?

What is meaning of core competencies, in your view?

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Chiranjibi Chapagain Mar. 21, 2018

A core competency is a concept in management theory introduced by C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace" and therefore are the foundation of companies' competitiveness.

A core competence is a unique strength of an organization which may not be shared by others. Core competencies are those capabilities that are critical to a business achieving competitive advantage. In order to qualify as a core competence, the competency should differentiate the business from any other similar businesses.

What is meaning of core competencies, in your view?

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