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A core competency is a concept in management theory introduced by c.k. prahalad and Gary Hamel.it can be defined as a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace core competency full fill criteria:
Provides potential access to a wide variety of markets.
1.provide potential access to a wide variety of market
2.should make a significant contribution to the precived customer benefit at end product
3.difficult to immidiate by competiors
An unique ability that the company acquires from its founders or develops and that cannot be easily imitated.
It is a company’s unique characteristic or capability that provides a competitive advantage in the marketplace.
*a skill needed in order to be successful at a job or other activity:
*a particular area of knowledge or expertise that gives a business a competitive advantage
SENTENCE: -> Several core competencies have been identified as critical to the success of every student.
->The automaker’s core competency is sports cars.
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