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 ?
Bogner and Thomas (1994) defined core competence as "firm specific skills and cognitive traits directed towards the attachment of highest possible level of customer satisfaction vis a vis competitors" The term green core competence is core competence in relation to the environment.
1) To find out if green core competence is positively correlated with green innovation (product innovation and process innovation) and green image.
It also illuminates the complexity usually found within the depth of a core competence while making it comprehensible.
First, it presents a conceptual framework, drawn from previous research, for understanding the core competencies of a firm, revealing the internal dynamic and elements of the core competence.
Perhaps the central problem of core competence definition has been one of balance: trying to include within the definition of core competence both the notions of knowledge (know-how) and action (skill application) simultaneously (Bogner & Thomas, 1994; Fowler et al.
Therefore, as two separate companies, these businesses will each offer a compelling value to the market, will enhance shareholder value, increase customer satisfaction, and further enable employees to focus on their core competence.
Meanwhile CSIP will help the domestic software and IC industries improve the core competence by providing multiple services, such as professional collaborative development environment, testing and certification, copious IP library, IP evaluating, verification and reuse environment which is compatible to multi-standard, customed IP-SoC development flow, MPW service, and consultation for IC-IP Intellectual Property protection etc.
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.
The company has now built up a team of core competences and will announce its first collaborations in 2007.
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.

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