core competence

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Core competence

Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty.

Core Competence

The primary field in which a business operates or is believed to be a leader. Core competence is the expertise in which a company is thought to excel and provide the greatest benefit to customers. This is important both in marketing and in the creation of business models. For example, a company will likely be able to charge higher fees for goods or services in its core competence.

core competence

a key resource, process or system possessed by a firm that allows it to gain a COMPETITIVE ADVANTAGE over rivals.
References in periodicals archive ?
Recognizing the need to develop a small-sized SOG LCD of superior picture quality, we at NEC LCD Technologies have striven for many years to enhance our SOG technology, one of our core competences, to enable a model that fulfills the needs of the industrial field.
Executive management programs and MBA curricula routinely devote hours to the subject, and executives often refer to their own and competitors' core competences as key drivers of strategy.
Furthermore, core competences are developed from organizational learning.
the importance of core competences in producing goods and services.
The company has now built up a team of core competences and will announce its first collaborations in 2007.
As a guide, illustrative examples of Core Competence Charts for core competences based upon the core phenomena of communication network, documents, and silicon are given in Appendices 2.
Postea will invest in and develop new and innovative technology solutions that will allow these post offices to compete by leveraging core competences and realising the full value of their human resources.
CYBD's core competences have been in the 'Last Mile' local switching networks - the deregulation of which has created an enormous market opportunity.
Novozymes also applies its core competences in selected pharmaceutical areas.
Network architecture design, system implementation, and network connectivity have always been core competences of FSBA," commented Steve Beecher, vice president of FANS Operations.
Both Georg Fischer and UPE each undertake a significant step to focus their activities on their core competences.

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