20140210

core competencies


 
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FRIDAY QUIZ CHALLENGE
Test your knowledge of this week's terms
Question:
This gives government power over the people as well as some control over economic decisions.
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TERM OF THE DAY

core competencies

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 customersin its chosen field. Also called core capabilities or distinctive competencies. See also core rigidities.
Learn more about this term
Usage Example
An example of one of Apple's core competencies is its ability to make trendy and cool products.