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social science subjects > business and management > strategic management > core competence
... > social science subjects > business and management > organization studies > organization studies encyc > approaches to management theory > strategic management > core competence
social science subjects > business and management > management settings > strategic management > core competence
... > social science subjects > business and management > entrepreneurship > new venture management > entrepreneurship financing and economic development > strategy (organizational) > strategic management > core competence
... > social science subjects > health and social care > health care management > strategy (organizational) > strategic management > core competence

Preferred term

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]

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https://concepts.sagepub.com/social-science/concept/core_competence

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