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Management & Leadership vocabulary · Strategy and Planning

Core competence

Meaning in management & leadership, with examples

nounAdvanced term

In management & leadership, core competence means: A deeply developed organisational capability that contributes strongly to customer value and can support several products or markets.

In Turkish: temel yetkinlik

How it is used

Use for collective know-how that helps distinguish a business, not every skill listed in a job description.

Example sentences

  1. Precision assembly is a core competence that the manufacturer uses in both medical and optical products.

    One organisational capability supports value creation across product families.

  2. The acquisition added distribution capacity but did little to strengthen our core competence in design.

    An added resource need not deepen the capability that differentiates the firm.

Common collocations

  • build a core competence
  • protect core competencies
  • competitive advantageSomething that allows a company to do better than its competitors, such as lower costs, a stronger brand, better technology or more skilled people.
  • strategyA long-term plan that sets out where an organisation wants to go and the main choices it will make to get there, such as which markets to enter and what to stop doing.

More terms: Strategy and Planning

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