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Definition of 'Core Competencies'
The main strengths or strategic advantages of a business. Core competencies are the combination of pooled knowledge and technical capacities that allow a business to be competitive in the marketplace. Theoretically, a core competency should allow a company to expand into new end markets as well as provide a significant benefit to customers. It should also be hard for competitors to replicate.
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Investopedia explains 'Core Competencies'
A business just starting out will try to first identify - and then focus on - its core competencies, allowing it to establish a footprint while gaining a solid reputation and brand recognition. Using, and later leveraging, core competencies usually provides the best chance for a company's continued growth and survival, as these factors are what differentiate the company from competitors.
The term "core competency" is relatively new. It originated in a 1990 Harvard Business Review article. In it, the authors suggest that business functions not enhanced by core competencies should be outsourced if economically feasible.
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Search results for 'Core Competencies'
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http://stocks.investopedia.com/stock-analysis/2012/Should-You-Be-Buying-Social-Media-Stocks-GRPN-LNKD-P-ZNGA0207.aspx
... its core business is already "waning so much that they're on the hunt for new growth
opportunities in industries completely outside their core competencies... ...
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http://www.investopedia.com/articles/basics/07/capitalallocation.asp
... Investing or acquiring other companies or ventures - this should always
be done cautiously, sticking to core competencies; Buying ...
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http://www.investopedia.com/articles/financial-careers/08/job-search-mistakes.asp
... activities. This will help you further distinguish your core competencies,
marketable skills and appropriate career options. (Find ...
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http://stocks.investopedia.com/stock-analysis/2009/Investors-Continue-To-Bank-On-Northern-Trust-NTRS-STT-BK1026.aspx
... It also does not stray from its core competencies, which is something that
banks such as Key Corp (NYSE:KEY) and Marshall & Ilsley Corp. ...
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http://www.investopedia.com/articles/basics/06/conglomerates.asp
... Investment guru Peter Lynch uses the phrase "diworsification" to describe companies
that diversify into areas beyond their core competencies. ...
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http://stocks.investopedia.com/stock-analysis/2011/Google-Pays-Big-Money-To-Be-More-Like-Apple-GOOG-MMI-AAPL-MSFT-CSCO-NOK-RIMM0815.aspx
... There is a pretty dicey history of tech companies successfully making large
acquisitions outside of their core competencies. This ...
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http://stocks.investopedia.com/stock-analysis/moneyshow/2BabyConglomeratestoWatch.aspx
... Finding these competencies within the smaller firms is difficult, but a solid ... ATU)
pushed into energy-asset management, away from its core Enerpac hydraulic ...
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