Core Competencies


Core competence is among the best-known strategic management concepts. A core competence it is believed to constitute and sustain the firm’s competitive advantage. The importance of core competencies for organisations is explored, in addition to technical capacities as one of the elements that allow organisations to be competitive in the market.

Technique Overview

Core Competencies

Core Competencies Definition

"Core competencies are capabilities the firm emphasises and performs especially well while pursuing its vision." Core competencies can lead to competitive advantage when companies create value for customers exceeding the value created by their competitors (Ireland et al., 2010:82).

Core Competencies Description *

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Business Evidence

Core Competencies Strengths *

Core Competencies Weaknesses *

Examples of Core Competencies *

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Business Application

Core Competencies Implementation *

Success Factors of Core Competencies *

Measures of Core Competencies *

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Professional Tools

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Further Reading

Core Competencies Web Resources *

Core Competencies Print Resources *

Core Competencies References (4 of up to 20) *

  • Barney, J. B. (1991) Firm Resources and Sustained Competitive Advantage, Journal of Management, Vol. 17 (1), pp. 99-120.
  • Brown, T. (2009) Change by Design: How Design Thinking Transforms Organizations and Inspires Innovation. New York: HarperBusiness
  • Business Week (2006) What Top Execs Really Say About Apple, [Online], available at: http://www.businessweek.com/innovate/NussbaumOnDesign/archives/2006/04/what_top_execs.html.
  • Coyne, K. P., Hall, S. J. D. and Clifford, P. G. (1997) Is Your Core Competence a Mirage?, The McKinsey Quarterly, pp. 40-54.

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