for customized Academic help in Business Management
Core Competencies of Business Strategy
Core competence an important business capability that gives it a competitive advantage, core product made from a business’s core competencies, but not for final consumer or ‘end’ user. To be of commercial and profitable benefit to a business, a core competence should:
• provide recognizable benefits to consumers
• not be easy for other firms to copy, e.g. a patented design
• be applicable to a range of different products and markets.