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Core Competencies
Core Competencies (Core Competency) - Baldrige Glossary Definition
(Baldrige Glossary for Business, Government (Public Sector) and other Nonprofit
The term 'Core Competencies' was first introduced in the Baldrige Glossary in 2007.
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Core Competencies
The term “core
competencies” refers to your organization’s areas of
greatest expertise. Your organization’s
core competencies are those strategically important
capabilities
that provide an advantage in your marketplace or service
environment. Core competencies
frequently are
challenging
for competitors or suppliers and
partners
to imitate, and they provide a
sustainable
competitive
advantage.
Core competencies
may involve unique service offerings, technology expertise, a
marketplace niche, or particular business acumen (e.g., health care
delivery start-ups). Note: The term “core competencies” was added to the Baldrige Glossary for 2007. |
Note: Blue words above are hyperlinks to other Integrated Glossary terms.
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New: For the first time, you can now download special MS Word versions of the 2012 Baldrige Criteria in a format approved by more than 20 national award programs