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Skills and Competencies

Skills and Competencies
Image by Gerd Altmann from Pixabay

Core competencies are the skills that allow a business to deliver a benefit to customers, and capabilities that are critical for a business to achieve a competitive advantage.

In order to correctly analyse core competencies, competition between businesses needs to be seen as much as a race for dominance of competence as it is for market position and power.

Senior management simply can’t focus on the activities of an entire business and the skills and competencies required to undertake them, therefore management needs to focus their attention on competencies that really affect competitive advantage.

A simple way to identify core competencies in any given market is to question why a customer is willing to pay more or less for one product/service than another. In order to be considered a core competency, it needs to be something that a business can do well above other competitors.

The idea here is not to come up with a list of skills that are important for a given business, but rather to find those competencies which provide an advantage over the competition and act as drivers of innovation within the firm. eds to be something that a business can do well above other competitors.

The idea here is not to come up with a list of skills that are important for a given business, but rather to find those competencies which provide an advantage over the competition and act as drivers of innovation within the firm. eds to be something that a business can do well above other competitors.

The idea here is not to come up with a list of skills that are important for a given business, but rather to find those competencies which provide an advantage over the competition and act as drivers of innovation within the firm. eds to be something that a business can do well above other competitors.

The idea here is not to come up with a list of skills that are important for a given business, but rather to find those competencies which provide an advantage over the competition and act as drivers of innovation within the firm.

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