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Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
core competencea key resource, process or system possessed by a firm that allows it to gain a COMPETITIVE ADVANTAGE over rivals.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005