Core competencies are the unique strengths and abilities that a company possesses, which give it a competitive advantage in the marketplace. These competencies can include specialized skills, technologies, or processes that differentiate a company from its competitors and enable it to deliver value to its customers. Understanding these competencies helps businesses assess their position within industry value chains and refine their business models for sustained growth.
congrats on reading the definition of Core Competencies. now let's actually learn it.