core competencies

  

Definition

A unique ability that a company acquires from its founders or develops and that cannot be easily imitated. Core competencies are what give a company one or more competitive advantages, in creating and delivering value to its customers in its chosen field. Also called core capabilities or distinctive competencies. See also core rigidities.

Use core competencies in a sentence

  • It is important that your company always follows its core competencies so that it won't stray to far from its beliefs.

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  • To have a successful business, one must know his core competencies so he can thrive and maintain a great business.

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  • The core competencies of our company could not be matched by our competitors because we were constantly innovating and learning and improving.

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