BNET Business Dictionary
Business Definition for: Core Competence
- a key ability or strength that an organization has acquired that differentiates it from others, gives it competitive advantage, and contributes to its long-term success. The concept of core competence is most closely associated with the work of Gary Hamel and C. K. Prahalad, notably in their book Competing for the Future (1994). They describe core competences as bundles of skills and technologies resulting from organizational learning. These provide access to markets, contribute to customer value, and are difficult for competitors to imitate. Core competence is a resource-based approach to corporate strategy. The terms core competence and core capability are often used interchangeably, but some writers make varying distinctions between the two concepts.
Additional Resources
- Strategy, Core Competence And HR Involvement As Determinants Of HR Effectiveness And Refinery Performance
- TThis study examines the impact strategy, core competence, and involvement of HR executives in strategic decision making on the refinery managers' evaluation of the effectiveness of HR and refinery performance among 86 U.S. petro-chemical refineries. Survey results indicated that higher involvement of HR in organizational strategy is strongly related to...
- White papers 2003-01-01
- Core Competencies
- Core competencies lead to the development of core products. Core products are not directly sold to end-users; rather, they are used to build a larger number of end-user products. The business units of the corporation each tap into the relatively few core products to develop a larger number of end...
- White papers 2003-01-01
- Knowledge Management for Competence Management
- In companies, competence management involves several heavy processes that one has categorised in four classes: competence identification, competence assessment, competence acquisition, competence usage. Competence management, being the management of knowledge about competence, can also take advantage from the knowledge engineering techniques to support the mentioned processes. The paper classifies the...
- White papers 2005-06-29
- Cultural Competence and Health Care Disparities: Key Perspectives and Trends
- Cultural competence has gained attention as a potential strategy to improve quality and eliminate racial/ethnic disparities in health care. In 2002 the interviews conducted with experts in cultural competence from managed care, government, and academe to identify their perspectives on the field. The paper presents the findings here and then...
- White papers 2005-04-01
- Measuring the Competence of Healthcare Providers
- This paper provides a framework for understanding the key factors that affect provider competence. Different methods for measuring competence are discussed, as are criteria for selecting measurement methods. Also, evidence from various research studies on measuring the effectiveness of different assessment techniques is presented. Although competence is a precursor to...
- White papers 2001-08-08
- Transparency and Transfer of Individual Competencies - A Concept of Integrative Competence Management
- The present state of research on competence management does not provide any suitable model that can be used in practice. This paper presents a model for integrated competence management, which gives approaches from both cognitive science and organizational science a practical framework of action. This paper presents a comprehensive model...
- White papers 2003-07-02
- The Dark Side Of Outsourcing
- Outsourcing is considered as an effective strategy to cut costs and achieve economies of scale. By following the outsourcing strategy, an organization can focus on its core competence and leave the non-core work to the outsourced vendor. The paper discusses the negative areas in the outsourcing strategies. Some solutions for...
- White papers 2001-11-15
- What Makes Silicon Valley Succeed?
- When you think of Silicon Valley, what's the first thing that comes to mind? Most likely it's something having to do with computers and the internet. But an intriguing article from today's NY Times reports that managers in the region have a more expansive idea of what they're all about:...
- Blog posts 2007-03-14
- Competence-Based IT Outsourcing
- In an effort to re-focus on their core competences, an increasing number of companies outsource parts of their IT services. In this paper, based on Hamel and Prahalad's definition of core competences, numerous theoretical models for identifying and analyzing core competences were developed. However, at present, due to the high...
- White papers 2005-08-11
- On-The-Job Training For Emotional Competence
- During the early stages of their careers, leaders tend to focus on developing their technical and analytical skills, paying little attention to their capacity to recognize and manage their own emotions and those of others. This can hurt them later in their careers. But emotional competence can be nurtured, and...
- White papers 2002-08-01
- Competence Based Business Development - Organizational Competencies as Basis for Successful Companies
- The paper at hand presents a new competence focused management approach which is called Competence based Business Development CbBD. CbBD should support organizations of all kinds in the effective identification, measurement, combination and integration of organizational competences, which can be seen as a bundle of human competencies, tools and material....
- White papers 2005-06-29
- Why Good Management Ideas Fail - The Neglected Power of Organizational Culture
- This article offers four truths listed in their order of importance. They are: 1) all organizations are, fundamentally, living social organisms; 2) organizational culture is more powerful than anything else; 3) system-focused interventions work; component-centered interventions usually do not; and 4) interventions clearly tied to business strategy work; interventions not...
- White papers 2003-01-01
- The Business Case for Emotional Intelligence (EQ)
- EQ is a driving force in the $40 billion training and development industry. Emotional intelligence is a product of personal competence and social competence. Personal Competence is the collective power of your self-awareness and self-management skills. It's how you use emotional intelligence in situations that are more about you privately....
- White papers 2005-06-12
- Expatriate Selection: Evaluating the Discriminant, Convergent, and Predictive Validity of Five Measures of Interpersonal and Intercultural Competence
- The study presented in this paper examined administrative work in business, schools, and universities, by using tabular review to compare the findings of selected studies on patterns of behavior. Results of analysis show in spite of differences in organizations and goals, there is considerable similarity in the daily work realities...
- White papers
- Whether Nearby Or Offshore
- the relative importance of a process and the risk associated with it. With cheaper and more efficient connectivity, companies are knitting together people, processes, and platforms in ways that are having deep strategic impact. It is also causing a re-evaluation of the idea of the core competence. The article offers...
- White papers 2003-01-01
- Build Brands On Competence Associations
- With increasing market transparency and an increasing number of market dialogues, the distinction between companies and their customers' respective environments is becoming archaic. One consequence of this is the merging of two processes: branding and production. Branding will become less about talking and more about doing. This paper proposes that...
- White papers 2001-10-01
- Defining Core: On the Elevator
- The process of defining "Core" requires awareness of the four types of business functions within a company?primary core, secondary core, primary non-core, and secondary non-core. Primary core functions are the things that differentiate the company in the marketplace, and more importantly, they are the reason the customers come. Secondary core...
- White papers
- Core Group Therapy
- In the contemporary business era, a Core Group comprising of privileged people influences decision-making in an organization. The functions of the Core Group vary from workplace to workplace. The Core Group does not follow any formal policy because it does not fall under any formal authority. Researches indicate that the...
- White papers 2002-04-01
- Three Conceptual Levels Of Construction Project Management Work
- The widespread use of project management standards for professional competence assessment and development is based on a rationalistic approach, whereby competence is seen as constituted by a pre-defined set of attributes in the form of knowledge topics. Yet little is known about whether and how these attributes are used by...
- White papers 2006-02-28
- Ignoring the Obvious
- This financial services company wanted to dramatically improve the quantity and quality of collaboration within its enterprise. Top management had decided that collaboration was to be their new core competence. The author was to recommend the best software, systems and apps for achieving this. This paper is about managing the...
- White papers 2005-04-15
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