concepts
type: Collection
type: ConceptGroup
member: core competence

strategic management
type: Concept
narrower: core competence

core competence
definition: Prahalad and Hamel introduced the notion of core competence: “A capability or skill that provided the thread running through a firm's businesses, weaving them together into a coherent whole.”10 A core competence is an internal activity that a company performs better than do other competitors. A core competence is also something that a company does well relative to other internal activities: resources and capabilities that serve as a source of competitive advantage for a firm over its rivals. [Source: Dictionary of Strategy: Strategic Management A-Z; Core Competence]
broader: strategic management
type: Concept