Core Competency Analysis
Core Competency Analysis is a strategic framework used by organizations to identify and leverage their unique strengths that provide a competitive advantage in the market. These competencies are the collective skills, knowledge, and abilities that distinguish a company from its competitors and contribute to long-term success.
1. What is Core Competency?
A core competency is a unique capability that enables a business to deliver value to customers in a way that competitors cannot easily replicate. It often results from a combination of technological expertise, organizational learning, and process efficiency.
According to C.K. Prahalad and Gary Hamel, who introduced the concept, core competencies must meet three criteria:
✅ Relevance – Provides significant value to customers.
✅ Differentiation – Difficult for competitors to imitate.
✅ Expandability – Can be applied to multiple markets or products.
2. Steps in Core Competency Analysis
1️⃣ Identify Strengths – Evaluate key strengths that differentiate the organization.
2️⃣ Assess Competitive Advantage – Compare competencies with competitors.
3️⃣ Evaluate Market Relevance – Ensure competencies align with customer needs.
4️⃣ Develop and Enhance – Strengthen and invest in core competencies.
5️⃣ Leverage for Growth – Use competencies to expand into new markets or industries.
3. Examples of Core Competencies
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Source: Best Practices in Core Competencies, Specialized PowerPoint Templates PowerPoint Slides: Core Competency Analysis PowerPoint (PPTX) Presentation Slide Deck, RadVector Consulting
Core Competencies Specialized PowerPoint Templates Leadership Competitive Advantage Organizational Design Maturity Model Business Transformation SWOT Innovation Management Distinctive Capabilities Strategy Development
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