Core Competency: Business concept of the day

Core Competency: Business concept of the day

Business Development

GlobalLinker Staff

GlobalLinker Staff

20 Jul 2018, 11:33 — 1 min read

Definition: Core competency is the harmony of skills and resources that distinguish a firm in the marketplace.

 

Example: Building waterproof casings for all types of phones was the core competency around which the manufacturing company built its success.

 

Business Insight: Core competencies can provide a platform on which to create sustainable growth for a company.

 

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