Difference between revisions of "Core competency"
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[[Core competency]] is an organization's major value-creating capability that determines its competitive weapons. | [[Core competency]] is an organization's major value-creating capability that determines its competitive weapons. | ||
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==Definitions== | ==Definitions== | ||
Revision as of 18:08, 28 June 2020
Core competency is an organization's major value-creating capability that determines its competitive weapons.
Contents
Definitions
According to Management by Robbins and Coulter (14th edition),
- Core competency. An organization's major value-creating capability that determines its competitive weapons.
Aspects
Basics
- To be the Competency, it shall:
- Help a seller of the marketable access markets.
- Benefit customers.
- Be difficult for the competitors to imitate.
VIRO filter
- VIRO stands for Valuable, hard to Imitate, Rare, and an Opportunity to exploit.
