Core Competency
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Core competency define the competency of resources that distinguish from other organisation help in gaining strategic for a business which act as a foundation company competitiveness
It is introduced by C.K Prahalad and Gray Hamel
In other words Core competencies are the resources and capabilities that comprises the strategic advantage of a business
Features of core competency
1)It should be combination of business activities
2) Important for to stay Competitive
3) Physical Assets and patents are helpful for making Core competency
Core competency Analysis
Core competency categories in 2 part
1 Company already exitency core competency
2 company have no core competency but potentially work
3 You have no core competency and potentially work
Types of Core Competency
Personaly
Analytical
Conflict
Adaptability
Technical
Cost savings
Customer service
Innovations
Quality of Product
7CC ( Core competency)
1) Technical competence - data management creative content and Computer literacy
2) Communication- customer Relationship , Persuasive techniques
3 )People management -: training development ,coaching and mentoring team building, Managing performance
4) Transferability-: Delegation Trust worthyness Stress reduction
5) Logical Reasoning research problem solving, identify pattern and connection
6).Leadership : strategic Management future planning and chain management
7) Personal Development- Commitment to Excellence, Structure d Thinking, Carrier Progression
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