A core competency is a skill at which an individual is especially proficient, or a set of activities that an organization performs better than other functions – whether more efficiently, at lower cost ...

In the past 18 months, Volkswagen announced delays in the launch of two crucial models, first the eighth generation of its perennial bestseller, the VW Golf, and then its flagship electric car, the ID ...

The idea of core competence was introduced into management literature in 1990 by C.K. Prahalad and Gary Hamel. The two business academics wrote: Core competencies are the collective learning in the ...

The sad breakup of Kodak, finalized by the recent bankruptcy court approval to sell some $500 million in digital assets, carries a warning that business leaders may have missed: It’s not just your ...

In a world of rapid disruption, the idea of having a core competency–an intrinsic set of skills required to thrive in certain markets–is an outmoded principle. Apple, Nike, and Netflix have better ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Suzanne is a content marketer, writer, and fact-checker. She holds a ...

Opinions expressed by Entrepreneur contributors are their own. You may have heard or read the phrase “core competency” lately and wondered if it’s the latest example of meaningless corporate lingo, or ...

The recession has inspired some companies to shed businesses and activities that are outside of their core competence. For example, Yahoo has refocused on selling display ads and being a portal for ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. No two businesses are alike, but some are less alike ...