The concept of core competencies was developed in the management field. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. The core competencies of an organization refer to the capabilities, knowledge skills and resources that are unique to the organization and are the core strength of the organization. Typically, a core competency refers to a company's set of skills or experience in some activity, rather than physical or financial assets. Core competencies differentiate an organization from its competitors and create an organization’s competitive advantage in the marketplace. The core competencies provide strong foundation from which the business will deliver value to the customers and stakeholders. It strategically supports the organization to seize opportunities and grow in a market. The presentation gives better understanding on the concept of core competencies.

Sruthy Santhosh

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