Reference Entry

core competency

Jonathan Law

in A Dictionary of Business and Management

Fifth edition

Published in print January 2009 | ISBN: 9780199234899
Published online January 2009 | e-ISBN: 9780191726545
core competency

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Any distinctive capability that endows a particular business with a *competitive advantage over its rivals. The degree to which the business can exploit this unique competence varies according to the extent to which it can be imitated by rival firms. Some skills, such as technologies or processes, may be protected by patents; others may have been built up by reputation or by marketing expertise. ...

Reference Entry.  71 words. 

Subjects: Business and Management

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