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- DictionaryCore com·pe·ten·cy
noun
- 1. a defining capability or advantage that distinguishes an enterprise from its competitors.
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noun
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Concept in management theory of a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace
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. Core competencies fulfill three criteria: Wikipedia