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Definition of 'Core Competency'
A narrowly defined field or task at which a company excels. A firm's core competencies are difficult for its competitors to mimic, allowing the company to differentiate itself. Most core competencies will be applicable to a wide range of business activities, transcending product and market borders.
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Investopedia explains 'Core Competency'
A core competency for a firm is whatever it does best. For example, Wal-Mart focuses on lowering its operating costs. The cost advantage that Wal-Mart has created for itself has allowed the retailer to price goods lower than most competitors. The core competency in this case is derived from the company's ability to generate large sales volume, allowing the company to remain profitable with low profit margin.
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Search results for 'Core Competency'
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http://www.investopedia.com/articles/financial-theory/12/good-intentions-bad-outcomes.asp
... Merger And Acquisition Disasters Trying to Be All Things to Everyone The pursuit
of growth often encourages companies to move beyond their core competency. ...
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http://stocks.investopedia.com/stock-analysis/2009/Drug-Store-Shopping-CVSWAGSC.TOWMTTGTTHI-GPS0813.aspx
... Last fall, Walgreen (NYSE:WAG) made a presentation to analysts that emphasized growing
beyond its core competency of prescriptions and drug merchandising. ...
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http://stocks.investopedia.com/stock-analysis/moneyshow/2BabyConglomeratestoWatch.aspx
... The basis of any argument for a diversified firm is centered upon some core
competency that filters down among its smaller business units: ...
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http://financialedge.investopedia.com/financial-edge/1209/Job-Hunting-In-Desperate-Times.aspx
... It has become “normal” to have short-term work and multiple gigs to make ends
meet. The ability to hustle is the newest core competency. ...
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http://www.investopedia.com/articles/professionaleducation/07/63_65_66.asp
... the prospective registered representative has passed the first "core" examination -
usually ... examination created by NASAA to test the competency of individuals ...
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