What is Core Competency?
A definition of Core Competency
“Core competency refers to a company’s fundamental strength that sets it apart from competitors, often rooted in specialized skills, technology, or unique processes.”

Business Glossary > What is Core Competency?
Examples of Core Competency in a Sentence:
Developing a core competency can lead to increased market share.
Our firm’s core competency lies in innovative product design.
To stay competitive, companies must continually invest in their core competencies.
Why is Core Competency Important in Business?
Core competencies are crucial because they provide a competitive advantage that can define a company’s market position. Identifying and nurturing these competencies enable a firm to differentiate itself and drive sustained success.
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Associated Terms
Here are some associated business terms and synonyms for “Core Competency”:
- Core Strength
- Distinctive Competency
- Strategic Capability
Apple’s Core Competency
Apple’s core competency is its ability to design and market innovative consumer electronics. This has allowed Apple to establish itself as a leader in the tech industry, with products like the iPhone and MacBook setting standards for quality and user experience.
Final Notes on Core Competency
When analyzing core competencies, companies should focus on unique strengths that provide a competitive edge and long-term benefits.
This has been a definition of Core Competency meaning.
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