Core Competencies Notes: Definitions & Explanations PDF | Download eBooks

Study Core Competencies lecture notes PDF with total quality management definitions and explanation to study “What are Core Competencies?”. Study core competencies explanation with TQM terms to review total quality management course for online MBA programs.

Core Competencies Notes:

Core competency is a set of skills and resources that position an organization in the market uniquely. It distinguishes the organization from its competitors. Core competencies involve many people inside and outside the boundaries of the organization and almost all the functions of the organization. Unlike the physical resources, core competencies do not deteriorate over time. However, they must be updated and enhanced regularly to cope up with the changes. Core competencies glues together an existing business and its environment/market. The also help in developing and nurturing a new business and aids it to thrive in the market Some of the core competencies an organization can have include analytical thinking, logical thinking, interpersonal and communication skills, teamwork and leadership etc.

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