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Core Competence |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Kanjiko will produce body assembly parts, press parts, and offer its core competence in supporting plant management and engineering service. Network operation, maintenance and support may not be considered a core competence," said Friberg. Mercedes-Benz based on their core competence in engines then realized they were not simply an automobile maker but rather a transportation provider (boats, trucks and airplanes). |
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