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Core Competence Concept
Core competence concept emerged for the
first time in 1990, on Harvard Business Review, in an article entitled
“The Core Competence of the Corporation", written by Gary Hamel and C.
K. Prahalad. According to its authors, Core Competence designates
strategic competences, unique and distinctive of organizations that
grant an inherent competitive advantage and for that represent
differentiation key factors compared to the competitors.
To be considered as Core Competence, it’s
necessary that the competence goes through three types of requirements:
. provide access to a wide variety of
markets;
. contribute in a significant way for the
final product;
. if of difficult imitation by the
competitors.
Thus defined, a core competence can be,
for example, a technical knowledge or a specific technology that is
liable of offering a unique value for the clients and that distinguishes
the company from its rivals.
Translated from Portuguese
by Susana Saraiva, Portuguese-English and English-Portuguese translation
specialist. Contact: spams@sapo.pt.
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