core competence

/kɔ:r 'kɒmpɪt(ə)ns/ noun
a skill or an area of expertise possessed by an organisation that makes it particularly good at doing some things and makes an important contribution to its success by giving it competitive advantage over other organisations

Marketing dictionary in english. 2015.

Look at other dictionaries:

  • core competence — UK US noun [countable] [singular core competence plural core competences] business a skill or type of knowledge that makes an organization especially good at doing some things and gives it an advantage over other organizations …   Useful english dictionary

  • core competence — Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. Bloomberg Financial Dictionary * * * core competence core competence ➔ competence * * * core competence UK US noun [C… …   Financial and business terms

  • core competence — Gen Mgt, HR a key ability or strength that an organization has acquired that differentiates it from others, gives it competitive advantage, and contributes to its long term success. The concept of core competence is most closely associated with… …   The ultimate business dictionary

  • core competence — UK / US noun [countable] Word forms core competence : singular core competence plural core competences business a skill or type of knowledge that makes an organization especially good at doing some things and gives it an advantage over other… …   English dictionary

  • Core competency — A core competency is a concept in management theory originally advocated by CK Prahalad, and Gary Hamel, two business book writers. In their view a core competency is a specific factor that a business sees as being central to the way it, or its… …   Wikipedia

  • Competence — Sufficient ability or fitness for ones needs. Possessing the necessary abilities to be qualified to achieve a certain goal or complete a project. The New York Times Financial Glossary * * * competence com‧pe‧tence [ˈkɒmptəns ǁ ˈkɑːm ] noun 1.… …   Financial and business terms

  • competence — Sufficient ability or fitness for one s needs. The necessary abilities to be qualified to achieve a certain goal or complete a project. Bloomberg Financial Dictionary * * * competence com‧pe‧tence [ˈkɒmptəns ǁ ˈkɑːm ] noun 1. [uncountable] also… …   Financial and business terms

  • Core competency — Primary area of competence. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. The New York Times Financial Glossary * * * core competency ˌcore ˈcompetency noun [countable, uncountable] another… …   Financial and business terms

  • competence — noun 1 ability to do sth well ADJECTIVE ▪ great ▪ basic ▪ academic, administrative, clinical, managerial, professional, technical …   Collocations dictionary

  • competence — Gen Mgt, HR an acquired personal skill that is demonstrated in an employee’s ability to provide a consistently adequate or high level of performance in a specific job function. Competence should be distinguished from competency, although in… …   The ultimate business dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.