Core Competencies Analysis


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The big picture:

The idea of "core competences" is one of the most important business ideas currently shaping the business industry. It is one of the fundamental ideas that underline the current trend of outsourcing, as businesses concentrate their efforts on things they do well

When to use it:

The model is a strategic tool to establish the unique activities of a start-up that can be deployed to generate and proffer value to customers in order to make profit. For example, "Me too" businesses meaning those with nothing unique to distinguish them from their competition are

How to Use the Tool:

The starting point for understanding and employing core competencies is to recognise the idea that a start-up needs to have activities that it can undertake extremely well and that meets the following three conditions...