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What Is Core Competency? Explain How Core Competency Is Related

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Essay

What is core competency? Explain how core competency is related to competitive advantage and give an example of how a core competency gives an organization a competitive advantage in today's highly competitive business environment.


Definitions:

Marketing Resources

Assets utilized by a company to effectively market its products or services, including human resources, technology, and financial investments.

BCG Growth-Share Matrix

A strategic business tool used to evaluate a company's product portfolio decisions, involving categorization into four quadrants.

SWOT Analysis

SWOT Analysis is a strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats.

Gantt Chart

A visual tool used for project management, showing activities or tasks plotted against time, often used to monitor progress.

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