core skill


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core skill

or

competency

the particular, often unique, abilities possessed by a firm in supplying a product which provides the basis for the firm's on-going COMPETITIVE ADVANTAGES over rival suppliers. At an individual level, core competencies are the key skills and knowledge required in a job (see RECRUITMENT AND SELECTION). Such skills may reside, for example, in the firm's research and development or marketing capabilities. Essentially they embody the expertise of the firm's incumbent staff, accumulated know-how and intellectual property rights (PATENTS).

From a strategic perspective, the possession of core skills suggests that firms should concentrate on what they do best (that is, ‘stick to the knitting’) rather than be tempted to diversify (see DIVERSIFICATION) into areas they know little about or dissipate their energies by trying to do too many things. See CORE BUSINESS, RESOURCE BASED THEORY OF THE FIRM, DISTINCTIVE CAPABILITIES, VALUE CHAIN ANALYSIS.

References in periodicals archive ?
The core skills theme is rounded off by the popular SEC542: Web App Penetration Testing and Ethical Hacking and the FOR408: Computer Forensic Investigations -- Windows In-Depth courses.
He also believes the fundamentals and core skills of cricket are being botched up by Twenty20 cricketers and are surrendering psychologically to the pressure that Twenty20 cricket exerts on them.
In order to better equip physicians with the skills necessary to deal with these new pressures, four main areas of expertise are required as core skills for today's medical professionals:
The camp participants definitely got a lot out of the sessions through fitness and core skills.
Core skills will also form an important element of an MA programme.
This will not only equip the trainees with the core skills but will also serve as an employment generation for the industries/manufacturers.
The screening process begins online, followed by an on-site screening for core skills and pilot aptitude tests.
What do the library professional organizations see as the core skills needed for new graduates and those practicing in the profession going into the future?
Its aim is to support teachers in developing core skills among their pupils that are often not explicitly taught in the mainstream curriculum - like digital literacy, critical thinking and problem-solving.
However, core skills such as digital literacy, problem solving and critical thinking may not be explicitly taught in Wales' schools.
The authors have organized the thirteen chapters that make up the main body of their text in three parts devoted to core skills, planning your preparation, and putting your skills into practice through mock stations.