Difference between revisions of "Core competency"
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:[[Core competency]]. An organization's major value-creating capability that determines its competitive weapons. | :[[Core competency]]. An organization's major value-creating capability that determines its competitive weapons. | ||
| − | == | + | ==Aspects== |
| + | |||
| + | ===Basics=== | ||
| + | :To be the ''Competency'', it shall: | ||
| + | :#Help a [[seller]] of the [[marketable]] access [[market]]s. | ||
| + | :#Benefit [[customer]]s. | ||
| + | :#Be difficult for the competitors to imitate. | ||
| + | |||
===VIRO filter=== | ===VIRO filter=== | ||
:[[VIRO]] stands for Valuable, hard to Imitate, Rare, and an Opportunity to exploit. | :[[VIRO]] stands for Valuable, hard to Imitate, Rare, and an Opportunity to exploit. | ||
[[Category: Management]][[Category: Articles]] | [[Category: Management]][[Category: Articles]] | ||
Revision as of 18:07, 28 June 2020
Core competency is an organization's major value-creating capability that determines its competitive weapons.
Contents
Definitions
According to Management by Robbins and Coulter (14th edition),
- Core competency. An organization's major value-creating capability that determines its competitive weapons.
Aspects
Basics
- To be the Competency, it shall:
- Help a seller of the marketable access markets.
- Benefit customers.
- Be difficult for the competitors to imitate.
VIRO filter
- VIRO stands for Valuable, hard to Imitate, Rare, and an Opportunity to exploit.
