One of a company's primary functions which is considered essential to its success
Primary area of competence Narrowly defined fields or tasks at which a company or business excels Primary areas of specialty
The collective learning in an organization, especially how to coordinate diverse production skills and integrate multiple streams of technology
French: savoir-faire Core competency is the in-depth, primary, embedded set of capabilities, technologies and processes which constitute an organization's collective "know how", in providing customer value and access to markets
A core competency is a course competency that is required by the Curriculum Articulation Matrix Core competencies are a sub set of a courses competencies and, since they are defined by the CAM, they are "owned" by the program faculty and not the course faculty
Core competencies are skills that the firm either does well or must do well which delivers competitive advantage Notice that this does not include all skills that the firm could do well at or even all those skills required to deliver competitive advantage It is typically a small sub-set of skills that must be internalized for the long-term health of the firm or organization
a uniquely effective business process on which a firm bases its strategic success