Core Competencies: An Introduction

What core competencies are? How do they enable businesses? Core competencies are a collection of skill sets that help to differentiate a professional and their competitive worth to the business and thus the market. Despite much research, it is still unknown what constitutes a winning formula. What should be highlighted is that a company that does not have collaborators who grow around their “core competencies” is unable to compete and create. “This is a deceptively difficult task.” Prahalad says.