What is a Core Competency?

Core competence refers to the company's main ability, that is, the company's strengths in the competitive position, is a kind of ability that other opponents are difficult to reach or cannot. Focusing on core competencies, the core competencies of an enterprise are mainly related to the coordination and cooperation between various technologies and corresponding organizations, which can bring companies a competitive advantage in long-run and superior profit.

Core competence

Professor Snell proposes: measure whether a certain factor can become

In 1998, our country

Insight / Foresight and Frontline Execution

The main source of insight / foreseeability

1. The technical and scientific knowledge capable of producing a series of inventions. Such as: Canon's optical knowledge and ability to miniaturize products.

2. Proprietary data. Such as: the behavior and credit rating knowledge used by city banks in the 1980s to establish a leading US credit card business.

3. Information from the largest market share with a leading edge. For example: the information used by the American energy company ENIRON in the natural gas industry.

4. Pure creative talent in inventing successful products. For example: the Walt Disney Company.

5. Superb analysis and inference ability. For example: The Fidelity Magellan Fund, the second largest fund in the United States, led by Berkshire Hathaway and Peter Lynch led by Warren Buffett ( The Fidelity Magellan Fund's impressive income from using the same data as other securities analysts proves this.

Generation of frontline execution capabilities

Front-line execution capability occurs when the quality of the final product or service is significantly different due to different activities of front-line employees. This ability can be defined as a unique ability to deliver products or services of almost identical quality. ^[1]