Identifying Core Competencies
A ‘world class’ company may have several core competencies or areas of excellence involving core processes, projectized work, low costs, state-of-the-art research and development, critical management abilities, specialized equipment, team effectiveness, competitive culture, technology/know-how, or distribution strengths. Some ‘world class’ companies are well known for one exceptional core capability or process. For example, Daimler-Chrysler develops …