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- Core_competency abstract "A core competency is a concept in management theory originally advocated by two business authors, C. K. Prahalad and Gary Hamel. In their view a core competency is a specific factor that a business sees as central to the way the company or its employees work. It fulfills three key criteria: It is not easy for competitors to imitate. It can be reused widely for many products and markets. It must contribute to the end consumer's experienced benefits and the value of the product or service to its customers.A core competency can take various forms, including technical/subject matter know-how, a reliable process and/or close relationships with customers and suppliers. It may also include product development or culture, such as employee dedication, best Human Resource Management (HRM), good market coverage, or kaizen or continuous improvement over time.Core competencies are particular strengths relative to other organizations in the industry, which provide the fundamental basis for the provision of added value. Core competencies reflect the collective learning of an organization and involve coordinating diverse production skills and integrating multiple streams of technologies. It includes communication, involvement, and a deep commitment to working across organizational boundaries, such as improving cross-functional teams within an organization to address boundaries and to overcome them. Few companies are likely to build world leadership in more than five or six fundamental competencies.As an example of core competencies, Walt Disney World Parks and Resorts has three main core competencies:Animatronics and Show DesignStorytelling, Story Creation and Themed Atmospheric AttractionsEfficient operation of theme parks↑ ↑".
- Core_competency wikiPageID "251375".
- Core_competency wikiPageRevisionID "603698073".
- Core_competency hasPhotoCollection Core_competency.
- Core_competency subject Category:Business_theory.
- Core_competency subject Category:Economic_theories.
- Core_competency subject Category:Management.
- Core_competency subject Category:Strategic_management.
- Core_competency type Abstraction100002137.
- Core_competency type Cognition100023271.
- Core_competency type EconomicTheories.
- Core_competency type EconomicTheory105994935.
- Core_competency type Explanation105793000.
- Core_competency type HigherCognitiveProcess105770664.
- Core_competency type Process105701363.
- Core_competency type PsychologicalFeature100023100.
- Core_competency type Theory105989479.
- Core_competency type Thinking105770926.
- Core_competency comment "A core competency is a concept in management theory originally advocated by two business authors, C. K. Prahalad and Gary Hamel. In their view a core competency is a specific factor that a business sees as central to the way the company or its employees work. It fulfills three key criteria: It is not easy for competitors to imitate. It can be reused widely for many products and markets.".
- Core_competency label "Core competence".
- Core_competency label "Core competency".
- Core_competency label "Cœur de compétence".
- Core_competency label "Kernkompetenz".
- Core_competency label "Kernkwaliteit".
- Core_competency label "Ключевая компетенция".
- Core_competency label "قدرات أساسية".
- Core_competency label "コアコンピタンス".
- Core_competency sameAs Kernkompetenz.
- Core_competency sameAs Cœur_de_compétence.
- Core_competency sameAs コアコンピタンス.
- Core_competency sameAs 핵심_역량.
- Core_competency sameAs Kernkwaliteit.
- Core_competency sameAs Core_competence.
- Core_competency sameAs m.01l9ng.
- Core_competency sameAs Q1201929.
- Core_competency sameAs Q1201929.
- Core_competency sameAs Core_competency.
- Core_competency wasDerivedFrom Core_competency?oldid=603698073.
- Core_competency isPrimaryTopicOf Core_competency.