What are Core Competencies? | Strategic Management | From A Business Professor

In today’s competitive business environment, understanding what sets your organization apart is crucial. This is where the concept of core competencies comes into play. Whether you’re a manager or a business major student, recognizing and developing these competencies can be key to success. So what exactly are the core competencies? Why are they critical to strategic management? How can companies identify and leverage them effectively and are there some real-world examples? In this video, I’ll address these questions with you.