Organizational skills competencies examples,the secret circle episode 2 wiki,what is the secret to happiness in brave new world,list of short training courses - Review

Before understanding core competences you first need to understanding that a company need to have something that customers uniquely value if company want to make good profits. The concept of core competency in management theory is originally advocated by two business authors and Gary Hamel and C.
It must contribute significantly to the final consumer's experienced benefits and the value of the company product or service to its customers.
Core competencies are those unique capabilities of a company that are critical to achieving competitive advantage.
Senior or top level management of a company cannot focus on all business activities and the competencies required undertaking them.

If a company is able to offer something uniquely good in its product or service, customers will want to choose its products and they will be willing to pay more for them.
In simple words we can say that a Core Competency is a deep proficiency that enables a particular company to deliver unique value to customers. I already mentioned above that Organizational Core Competency creates sustainable competitive advantage for a particular company and it also helps company to branch into a wide variety of related markets. Pulling it all together, Understanding Core Competencies allows a particular company to invest in the strengths that differentiate it from rivals and set strategies that unify their entire organization. Example of core competency of Daewoo (Bus Service) is their refreshment touch within the vehicle and in time departure as well as arrival.

So the goal is for senior management to focus their attention on competencies that really affect competitive advantage.
The starting point for analyzing company core competencies is to recognizing that competition between different companies on the face of globe is as much a race for competence mastery as it is for market position and market power.
They said that a core competency is a specific factor that a company sees as central to the way the company or its employee work.

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